Weyrich Proposal on Certificate

This project is being applied for through RRM Engineering, San Luis Obispo. The project calls for up to 350 homes including approximately 70 multi-family homes and single-family lots ranging from 9,000 square feet up to 1+ acres. All amenities developed will be available to all Heritage Ranch Members. Amenities shown on the proposed plan include: an Equestrian Center, two parks, trails, an aquatic park, a dog park, boardwalks along the shoreline, a small (high water) launch ramp, open space and a clubhouse/banquet room on the water's edge. An area for R.V. storage will also be designated.

The four-party Development Plan Agreement filed on May 10, 2006 between HROA, King Ventures, HR Holdings and Weyrich Development (Weyrich) facilitates the final build-out of Heritage Ranch and sets the ground rules between HROA and the Developers. The following summarizes this agreement in regards to this project:

Weyrich is the owner of Certificate Parcels 1, 2, 3, 6, 7, 8, 9, 10, 11, 12 and 13.
Weyrich agrees to execute an Open Space Easement Agreement in favor of the County of San Luis Obispo and the HROA covering parcels 8, 9, and 11 to HROA (533 acres) of which 393 acres shall remain in permanent Open Space, subject to a provision that Weyrich will have the right to an approximate 40 acre remainder parel on each of Parcels 8, 9 and 11 for residential development for Weyrich.
Under the current density of 2,900 lots, the Developers agree that Weyrich will have an allocation of 220 (up to 230) units. If the density is increased to 3,100 lots as is proposed, Weyrich's rights will increase to 340 (up to 350) lots.
Weyrich may apply for a General Plan Amendment and zoning change for Tract Maps to allow up to 350 units on Certificate Lots 1, 2, 9, 10 and 11.
Weyrich will also apply to LAFCO, the Heritage Ranch Community Services District (HRCSD) and the County to move the HRCSD Sphere of Influence and Village Reserve Lines as far as Dip Creek.
Weyrich agrees its development will include Common Area Open Space deeded to the HROA for a park and a marina on Dip Creek and relocation to the Open Space of a R.V. storage facility (long-term) if the existing storage facility is developed.
Weyrich will pay $10,000 per lot to HROA for the Impact Fee upon the sale of each recorded lot, or upon any bulk sale of two or more recorded lots.
HROA agrees to grant a sufficient easement to accommodate a road over HROA property to the Weyrich parcels, as may be approved by the County for the Weyrich project.

The project schedule is anticipated to be at least eighteen months prior to a hearing before the Planning Commission. The project is first initiated by the SLO County Board of Supervisors, which is followed by a lot a detail work in preparation for the Planning Commission hearing(s) including: an EIR, LAFCO annexation, etc.

Four story-boards are in the lobby of the Association Office for viewing. Handouts are also available. A presentation done by RRM Engineering to the full HROA Board of Directors is scheduled for Friday, July 13, 2007 at 6:00 p.m. at the Recreation Barn. A postcard will be mailed to all property owners notifying them of this event.

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