03/27/1977 Meeting - Laserfiche WebLink

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-- housing market. She said the lots in question are capable of creating a two-year supply of single-family homes. A moratorium that would prevent division will further diminish the supply of land and the result will be higher prices. She said if it was felt that the Council wanted a moratorium, then she proposed that Council restrict that moratorium to the 2,000 lots that already have a single-family house on them. This would at least allow for some further construction and availability of land. The options should be available to those homeowners and landowners who wish to divide their property. The concern over property values she felt had been misplaced, and she cited a study of the Bureau of Research regarding duplexes mixed with single-family houses, in which the values did not diminish. JHC supports the idea of a committee that will look at the potential of different kinds of standards and JHC offered its cooperation in working with that group. However, Mrs. Niven said she hoped Council would decide not to take the risk of a moratorium that would increase the presssure on existing supply of land. Richard Atwood, 520 Antelope Way, said he had plans for a panhandle lot and asked that the moratorium not be approved so that he could proceed with his plans without any further higher cost. Don Tull, 2580 Highland Oaks, felt that if a moratorium were to be placed on panhandling, that it not be done abruptly. He was in the process of buying three lots with the condition that a panhandle take place. He has $1,000 invested and felt that the moratorium would pose an undue hardship on him. He requested Council not insti- tute such a moratorium for 30 days. e Mr. Hamel questioned Mrs. Niven as to how many of the 2,000 lots were empty lots; she replied that all had houses, but there were 650 additional lots that do not have houses on them. Public hearing was closed, there being no further testimony presented. Ms. Smith questioned how many panhandle-lot applications are pending. Jim Saul, planner, said there were 31 as of 5 p.m. today pending; 23 applications had come in since March 8. In response to a question from Ms. Smith, r~ayor Keller said he had hoped to have the committee appointed by Wednesday and would have it operating in the realm of six months. City Attorney confirmed that six months appeared to be a reasonable time period. Mr. Saul said that establishing a moratorium raises some questions that should be addressed as to whether the problem could be solved within a six-month time period. He noted that Council was talking i. 3/27/78--3 III