HomeMy WebLinkAboutMP-23-01 - Supplemental - 1185 1195 Shelburne Road (6)Management Plan
Ownership and Control.
The owners of the properties located within the PUD are as follows:
Owner Use Address Parcel
Olde Orchard Realty Partnership, LP seven apartment buildings 1-7 Olde Orchard Park 1
Larkin Milot Partnership, LLP Palace 9 Theater 17 Reel Road E
unimproved C
John Larkin, LLC Zen Garden et al. 57 Fayette Drive C
MacDonald’s 1125 Shelburne Road C
1185, LLC mixed use building 1185 Shelburne Road D
1195 Shelburne Road, LLC unimproved 1195 Shelburne Road A, B
Management Structure.
Larkin Family Partnership will be responsible for project development; it has designated Joseph
Larkin as the individual responsible for the financing, permitting, construction and completion of
development.
All of the properties in the PUD will be subjected to a Declaration of Covenants and Restrictions
and each will be mandatory members of the Fayette Community Association, Inc., a nonprofit corporation
to be formed under Vermont law pursuant to 27A V.S.A. (the Vermont Common Interest Ownership Act).
Each of the owners of the individual properties in the PUD will be responsible for management,
operation and maintenance of their own properties; the Association will be responsible for management,
operation and maintenance of community facilities. Some community facilities are or will be located on
individual parcels; nonetheless, the Association will Association will be responsible for management,
operation and maintenance.
Utilities.
The owner of each property will be responsible for arranging and paying for water and sanitary
utility services. The Association will be responsible for paying for stormwater service; the owners will be
charged based on their proportionate share of impervious surface.
All the streets, sidewalks and pipes, wires, etc. therein are or will be municipal streets. Until a
street is accepted as a public street,
(a) If the street is located solely within a property, the owner of the property will be
responsible for its maintenance (including snow plowing);
(b) If the street is located outside the boundaries of a property, the Association will be
responsible for its maintenance (including snow plowing) and it will charge the benefitted lot owners
according to proportional square footage; and
(c) The person responsible for the street will be responsible for associated utilities.
Dedication. Reel Road will be extended to the south to the south property line and offered to the
City pursuant to an offer of dedication on completion of the second phase of development; if the existing
portion was not built to the City’s standard at the time of construction, it will be rebuilt to meet City
standards. There will likely be offers of water and sewer lines but, because the design has not been
completed, what will be offered and will remain open.
The stormwater system will be privately managed consistent with the Stormwater System
Maintenance Agreement, dated April 24, 2017, between L&M Park Association, Inc. and the City.
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