Lake Hill Neighborhood Master Plan
The Lake Hill Master Plan was completed in July 2017. The team is currently kicking off the site impact study, which is a code required next step in the rezoning process.
Lake Hill and Affordable Workforce Housing Needs
Development of affordable workforce housing has been identified as one of the County’s greatest needs, and the Lake Hill property is a key opportunity to address this challenge. The 2016 Summit County Workforce Housing Demand Study identified a need for up to 560 affordable workforce housing units in the Ten Mile Basin by 2020, including approximately 360 affordable rentals (64%) and 200 affordable ownership units (36%). The study shows that the greatest unmet housing needs in the Ten Mile Basin are affordable rental housing and lower-priced, entry-level owner-occupied housing. The Lake Hill property cannot solve all of the identified housing needs, but the County’s goal is to maximize the number of homes on the property while creating a livable neighborhood that is compatible with its surroundings.
The Lake Hill Master Plan is a concept plan prepared based on the current workforce housing needs documented in the 2016 Summit County Housing Demand Update. The master plan guidance for Phase 1 identifies a suggested mix of for-sale and for-rent homes based on the most immediate Ten Mile Basin workforce housing needs. Master plan guidance for future phases is intentionally more flexible, to allow future decisions on unit types and ownership-rental mixes to be based upon market demand and workforce housing needs over time.
Future Stages of the Planning & Development Process
In 2018 and into 2019, the Lake Hill team will be further studying site impacts to prepare for rezoning. The Master Plan does not provide all of the answers on plan implementation. Many details are yet to be determined and will be developed during future stages of rezoning, site planning and development.
Key Details to be determined during future phases of planning and development include:
- Future PUD Development Standards: Using the guidance provided in the Master Plan, more detailed zoning regulations and development standards will be established in a future PUD zoning document, to specify zoning requirements such as permitted building height, setbacks, road standards, etc. The County will work collaboratively with the Town of Frisco when developing the proposed PUD development standards, to ensure the zoning requirements are well thought out and compatible with Town of Frisco standards.
- Unit Pricing and Deed Restrictions: Affordable sales prices and rental rates, and the accompanying deed restrictions for the housing units will be prepared during future development phases, in conjunction with the site plan approval for each individual development parcel.
- Future Property Ownership and Management: The ownership/management structure will be determined in conjunction with future planning reviews and public/private partnership contract agreements to develop individual properties within the neighborhood.
Lake Hill Rendering Courtesy of Norris Design