Bowtie Properties LLC own three (3) lots in the Speedway Business Park, identified as Parcel IDs 401A-023, 025, & 031 along with an adjacent parcel to the north, identified as 401-019, which is not part of the park (see attached GIS map from applicant). Planning Staff met with the owners regarding their desire to re-combine the eastern portion of 401-019 with the associated adjacent lot portions including the LGC Holdings LLC tract (401A-024) as noted on the map. The proposed reconfiguration would address buffer encroachments along the rear property line at two (2) of the lots and offer future expansion possibilities on the lots.
Planning Staff along with the County Attorney indicated the first step should be an amendment to the covenants to address the process of adding acreage to the park and ensuring the application of covenant standards. On behalf of Bowtie Properties, attorney Hank Niblock prepare a draft of proposed changes to the Speedway Business Park Protective Covenants to address the following:
- Language to address new land added to the park and ensure covenant application;
- Allow lots 11 & 12 to be sold and be subject to the covenants for signage and landscaping only (Bowtie is interested in purchasing these "lots". This is merely an enabling measure should the county entertain offers;
- Flexibility on loading areas and fencing standards;
- Miscellaneous clean up text.
Staff informed Bowtie they will need to apply for a rezoning and special use permit to accommodate the request if the covenants were amended.
The draft has been reviewed by the County Attorney and deemed acceptable.
If acceptable by the Commission in the current form, make a motion to approve amended covenants and authorize the Chairman to sign after other property owner signatures collected.
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