7/25/2019 Blue Ridge Questions & Comments

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QUESTIONS/COMMENTS

AAA HOME BUILDER, LLC

BLUE RIDGE

1. Of the 22 (the site p!" s#$%itte& $' AAA sh)s "' 2* ts+ si"e

f!%i' h%es p-pse& f- B#e Ri&e, it !ppe!-s th!t ""e f the

h%es )i $e !-&!$e t ) i"%e (ess th!" - e0#! t *

AM3I+ - %&e-!te i"%e (ess th!" - e0#! t 4* AM3I+ $#'e-s.

AAA H%e B#i&e- sh)s "' 4* AM3I !"& 15* AM3I i" thei-

p-ps! !"& e6p-esses ! &esi-e t f#s " 15* AM3I $#'e-s.2. AAA H%e B#i&e- )!s "ti7e&, " M!-h 18, 2*18 (te"s &!'s !fte- the

NO3A !ppi!ti" &e!&i"e+, $' the Cit' th!t AAA9s :*,*** $i& f- the

p-pe-t' !t ;455 B#e Ri&e )!s the hihest $i& -eei<e&.;. O" M!-h ;*, 2*18, AAA H%e B#i&e- s#$%itte& its !ppi!ti" t the

Cit' f- :=>1,1;* i" s#pp-t, t)e"t' f#- &!'s !fte- the NO3A

!ppi!ti" &e!&i"e. The Cit'9s NO3A st!tes, ?Appi!ti"s s#$%itte&

!te )i "t $e !epte&@.5. AAA H%e B#i&e- sh)s the L!"& (A0#isiti"+ Cst i" its p-et

$#&et !s :;**,***, $#t the Cit'9s M!-h 18, 2*18 ette- i"&i!tes AAA

is "' p!'i" :*,*** f- the !"&.. The p-pse& ti%ei"e f- &e<ep%e"t is "t fe!si$e. AAA H%e

B#i&e- st!tes, ?)e !" %pete the h#ses i" ! 0#ie- f!shi" "

the B#e Ri&e p-ti" f the site.@ 3i-st', "st-#ti" f !"' h%es

!""t st!-t #"ti the s#$&i<isi" p!t is !pp-<e& $' the Cit'. !tti"

-e!tes the e! &es-ipti" f- e!h f the ts, !"& it is "t %e-e' !

p!pe-)- p-ess. Bef-e !" !ppi!ti" f- p!t !pp-<! !" $e

!epte& $' the Cit', ! (- ! <e-' s#$st!"ti! p-ti"+ f the !"&

&e<ep%e"t %#st $e %pete&. The Cit' !""t !pp-<e !

s#$&i<isi" p!t #"ti the -!&s, #-$ !"& #tte-, si&e)!s, s!"it!-'

se)e-, st-% se)e-, )!te-, eet-i, teeph"e, !$e t<, et. !-e

ph'si!' "st-#te&, i"spete&, !"& !pp-<e& ($' the Cit'+. U"ti this

?p!tti"@ p-ess is %pete&, " e"&e- )i se " ! "st-#ti"

!" f- !"' f the h#ses. The-ef-e, )ith !$#t 2; )ees f- 7"!

e"i"ee-i", 2; )ees f- the Cit' t iss#e L!"& Dist#-$!"e e-%its

!"& L!"& De<ep%e"t e-%its, f)e& $' 2; %"ths f !"&

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&e<ep%e"t "st-#ti", et. ! %-e -e!isti ?st!-t@ &!te f- h#se

"st-#ti" )#& $e %-e ie %i&N<e%$e- - e!-' Dee%$e- (the

Cit' )i "t iss#e $#i&i" pe-%its f- e!h f the h#ses #"ti the "e)

ts h!<e $ee" p!tte&+, )e #tsi&e f the Cit'9s 12* &!' -ite-i!.8. The p-et is si"i7!"t' #"&e-!pit!ie&. The tt! p-et sts !-e

st!te& !s :5,>1,5;5. H)e<e-, "' :;,>=>,1** (:1,*2,=>* i"

B#i&e- E0#it' 3i"!"i", :=>1,1;* i" COD G-!"t, !"& :1,4**,*** i"

C"st-#ti" L!"+ f 7"!"i" is &e%"st-!te&, e!<i" ! sh-tf! f 

:=5,;;5.>. The L!"& De<ep%e"t sts f :1,*;>,1** (e6#&i" !"& st+ !-e

e6t-!-&i"!-i' hih !t !$#t :5>,151 pe- t, - !$#t :>54 pe- f-"t

ft (!ss#%i" 8; 6 18* ts+. U"ess the-e !-e s%e #"#s#!

"&iti"s !t the site, these !"& &e<ep%e"t sts #& e!si' $e

th-ee ti%es )h!t )i !t#!' $e e"#"te-e&. A" !%#"t f :1,***

pe- t (:;;*,*** tt! f- 22 ts+, - :2* pe- f-"t ft )#& $e%-e t'pi!.4. The H#se C"st-#ti" is #"&e-!pit!ie&. H#se C"st-#ti" sts

!-e st!te& !s :;,515,;;5 (- :1,1=> pe- h#se+ )hih see%s

-e!s"!$e. H)e<e-, the C"st-#ti" 7"!"i" is i%ite& t 12

h#ses !t ! ti%e )ith ! tt! !" !%#"t f :1,4**,***. This ?!pit!

-est-!i"t@ )i si"i7!"t' h!%pe- AAA9s &esi-e t ?0#i' $#i& these

22 h#ses. E<e" if the C"st-#ti" !" is st-#t#-e& !s ! ?-e<<e-@,

)hih is "t #"#s#!, the i%it!ti" f 12 h#ses )i se<e-e' -est-it

AAA f-% $#i&i" the p-et i" ! ?t)ph!se@ p-ess. Re!-&ess f 

!$s-pti", the p-et )i &-! " f- %!"' %"ths %e-e' $e!#sethe C"st-#ti" L!" )i i%it AAA t ! %!6i%#% f 12 h#ses #"&e-

"st-#ti"/i"<e"t-' f- s!e !t !"' i<e" ti%e.=.  The &et!ie& H#se C"st-#ti" B#&et sh)s ! ?L!"& Cst@ f 

:;*,*** f- e!h h#se t $e "st-#te&, $#t this !%#"t is ess th!"

h!f f the :8*,>>> AAA s!'s the ts )i st. Gi<e" th!t AAA is $th

the &e<epe- !"& the $#i&e-, the-e is " -e!s" f- AAA t se itsef 

e!h t f- :;*,*** (! tt! f :88*,*** f- the 22 ts+, !th#h it

-ep-ese"ts ! f!"t!sti -et#-" " its :;**,*** i"<est%e"t.