Monday night the Plymouth Common Council conducted a public hearing on the requests to annex two pieces of property on the city’s north side.
City Attorney Sean Surrisi told council members that Matthew and Peter Ritenour asked to bring in the residential property at 598 Hoham Drive. Utility Superintendent Donnie Davidson said the property has a failed septic system. He also noted that they are already on city water and the Health Department has told them their alternative is to hook on to the city utility.
The Ritenours are agreeable to the annexation as a way to solve their sewer issue.
The second annexation is a 44 acre tract of land owned by Carol and Tanya Stockberger and located immediately north of the Randolph Street entrance into Centennial Park.
Burke Richeson, local attorney representing CMD, general contractors in Plymouth gave a power-point presentation on a multifaceted, 2 to 3 phase housing development to be known as Centennial Crossing. The estimated capital investment is $20 million. He said the project would include three types of living, 55 single family homes called villaminiums of which 24 would be leased and 31 sold. The leases would range from $1045 to $1195 a month and the 2 and 3 bedroom homes would sell for $139,000 to $189,000. A senior living apartment complex with individual apartments is included along with multifamily apartment buildings bringing a total of 220 to 258 apartments. Richeson said the senior apartments would rent for $699 to $899 monthly and the apartments from $699 up to $945.
The concept for this project is very similar to a project CMD built in Warsaw called Tippy River Downs. There would be a clubhouse with a pool, sidewalks, lawn maintenance and H.O.A. fees.
To move the annexations forward, fiscal plans had to be prepared by the city to show capital and non-capital services needed to support the annexations. The Ritenour annexation had no financial impact while the Stockberger’s plan shows a potential capital improvement of $250,250 for roadway improvements and just over $701,000 for a sewer extension.
City Attorney Sean Surrisi said the plan would be to create a TIF District to finance a 15 year bond issue, similar to the newly created TIF for Winona Building Products. He said the project is anticipated to bring in annual revenues of $250,000 and $150,000 would be used to pay the bond issue and the remaining $100,000 could be used for other TIF projects.
The Plymouth City Council heard first readings of ordinances to annex both properties and resolutions supporting the fiscal plans to provide municipal services of capital and non-capital nature to the annexations. Second and third readings of the ordinances will be during the November city meetings.
