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� i <br /> 'i <br /> January 30,2019 i <br /> Mark Hallan,Chairman I <br /> Pequot Lakes Planning and Zoning Commission <br /> 4638 Main Street <br /> Pequot Lakes, MN 56472 ��, <br /> RE: Preserve Golf Course Housing Development Overlay District � <br /> Dear Mr. Hallan and Members of the Commission, <br /> I am addressing this letter as a resident of Pequot Lakes and someone who has been invoived with <br /> economic development and promotion of the community for the past 27 years. I personally wish to � <br /> lend my support to the proposed Overlay District and PUD adjacent to the Preserve Golf Course. In <br /> addressing various aspects of economic development in our city, it has become apparent that we have a <br /> challenge in providing housing to our residents, both on the level of affordable dwellings and homes <br /> priced in the medium range of$300,000 to$500,000. <br /> In so many cases,we have employees of major businesses in our city that work here but end up living in <br /> other communities due to a shortage in residential stock. Specifically this project addresses several <br /> issues on a positive basis far our city: <br /> 1. Our city currently has a very limited tax base which presents a chalienge to provide <br /> infrastructure,commercial, recreational,and education services for a larger area. The first <br /> phase alone could provide$21,000 in annual tax revenue with potentially an additional$50,000 <br /> if completed in its entirety. <br /> 2. The golf course area is conducive to the concept with limited impact on waterways and the <br /> environment. Utilizing the PUD conserves open green space while allowing additionai <br /> concentration of residentiai availability. <br /> 3. It provides an option for families and individuals who wish to transition from their larger <br /> residentiai units,some on the lake,to locate within the city limits of Pequot Lakes. We have <br /> examples of current residents who have moved to the Baxter/Brainerd area due to unavailability <br /> of housing in our city. <br /> 4. Having more people who live and work in our city increases the sense of community and <br /> provides a greater number of individuals who are available to contribute to the well being of our <br /> city. The"this 1s my town"frame of mind is a result. <br />