Thursday, June 21, 2012
From Paul Tonks, resident Owners Association Board Member:
For those of you that were unable to attend the SunCrest OA meeting on Tuesday, here are some highlights:
Board chair Ralph Matson from Zion's took some time regarding the termination of the Zion's-MCO termination of the contract to purchase the undeveloped areas of SunCrest. Ralph said it was a mutual termination after MCO determined after its due diligence over the past 15 months that a purchase of SunCrest "would not fit their model."
Probable factors may have been their plans for 200-300 homes above Deer Ridge (Unified Fire Dept. would not approve that many homes with only one road in and out of the subdivision because of safety concerns) and plans for making a substantial portion of new homes east of SunCrest Drive a gated community (Draper City didn't want such a large portion of the city closed off to residents, especially affecting easy access to hiking and biking trails in the national forest).
Ralph emphasized that all parties, including Draper City, worked hard to make the deal happen. Zion's will continue to work to find a new developer. In the meantime, we will work to see what solutions we can find for short-term issues like opening the market.
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