Notes from the OA Board Meeting on Tuesday, March 15th, submitted by Paula Roth, Eagle Crest resident:
I attended the Board of Directors meeting last night and thought you might find the comments from Jeremy Hall, President of MCO Properties, interesting.
Here it is in a nutshell:
- MCO Properties has been in existence since the early 70's and has a presence in every southwest state except for Utah.
- They specialize exclusively in hillside properties and have been looking at Suncrest for years (even when Terrabrook was still involved).
- They are in talks with Zions Bank and Draper City and have signed a purchase contract. They now have six months of due diligence and are currently trying to understand the geo-technical/land issues so that those can be addressed first and foremost.
- There is a long punch list of items that would need to be addressed by Zions, Draper City and/or MCO Properties if the sale is successful.
- First things would be water, drainage mitigation and roads.
- The vision of MCO Properties is to include significantly larger, multi-acre lots for custom homes to make the east portion of the development the "Deer Valley" of Draper. We foresee completion to take 15-20 years.
- If MCO takes over, they would start with a clean slate and re-plan the remainder of the undeveloped property, figuring significantly less build out than originally planned.
- MCO Properties is very much about working with the natural land, keeping a lot of open space and maintaining the wildlife corridor that already exists.
- They are talking to Draper City and Zions about completing pocket parks in already developed areas.
- They are meeting with both school districts to determine any issues that may exist.
- MCO will be holding a town hall meeting sometime in April so that residents can voice their concerns and receive further information from MCO Properties...watch your e-mail for notification from the Suncrest OA.
We were told that Draper City has been cooperative thus far and seem to simply want to fix the problems that currently exist.
Voting Delegate Elections will be held soon.
Next meeting dates: June 1, 2011 - Suncrest OA Annual Meeting; June 21, 2011 - Suncrest OA Board of Trustee Meeting.
Wishing you a beautiful spring...
