Amy Mastin: A tremendous asset for Frisco |

Amy Mastin: A tremendous asset for Frisco

Dr. McDonald’s letter poses many thoughts and questions regarding the Peak One Neighborhood. He appears to be of the opinion that the proposed development was simply “rubber-stamped” by the town with little thought or consideration for the details involved with such an undertaking. I would encourage Dr. McDonald to review the “Development Agreement and Real Covenant” between the Town of Frisco and Ten Mile Partners, recorded in the Summit County real property records March 8, 2010 under reception no. 935128. This extensive documents reflects the thorough, arduous process undertaken by the town and the developer to ensure that the best possible project is completed on the Peak One parcel while minimizing risk to the town, and answers in detail many questions that Dr. McDonald poses.

Given the developer’s extremely strong track record with the Wellington Neighborhood, I believe the Peak One Neighborhood will turn out to be a tremendous asset for Frisco. Finally, I would submit that no requirement exists for transferring land at fair market value: Summit County’s land prices preclude affordable development if such a price were to be paid, especially to maintain the very low price per square foot being entertained here.

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