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07SN0223 - ADDENDUM #3September 24, 2008 BS ADDENDUM III 07SN0223 GBS Holding, Ltd. Matoaca and Midlothian Magisterial Districts Watkins and Evergreen Elementary; Midlothian Middle and Midlothian High Schools Attendance Zones East and west lines of Old Hundred and Otterdale Roads REQUEST: Rezoning from Agricultural (A) and Light Industrial (I-1) to Community Business (C-3) of 211 acres with Conditional Use to permit multifamily and townhouse uses and rezoning from Agricultural (A) and Light Industrial (I-1) to Residential Townhouse (R-TH) of 1,183.9 acres plus Conditional Use Planned Development to permit exceptions to Ordinance requirements on the entire 1,394 .9 acre tract. PROPOSED LAND USE: A mix of residential, commercial, office and light industrial uses are planned with a traditional neighborhood design. The applicant~has agreed to limit residential development to 5,140 principal dwelling units plus 400 secondary (carriage house) dwelling units. A minimum of 500,000 gross square feet of non-residential development has been proffered. (Proffered Condition 9 On August 27, 2008, the applicant has agreed, should the Board so desire, to impose a condition that would amend the estimated cost used to determine cash proffer credits for the off-site Woolridge Road improvements (Proffered Condition 13.E.ii). Specifically, this proffered condition currently estimates the cost to construct two (2) lanes of Woolridge Road Extended from Old Hundred Road to Watermill Parkway as $13,800,000. After further evaluation, the applicant has indicated this amount should be reduced to $9,800,000. The applicant has agreed for the Board to impose the Condition included herein, which would supersede the original estimated cost referenced in Proffered Condition 13.E.ii, and that all other proffers would remain intact. Staff continues to recommend approval of the request with the acceptance of the proffered conditions in the "Request Analysis", as modified by Addendums I and II. Staff would further support, should the Board wish, imposition of the following an additional condition. Providing the FIRST CHOICE community through excellence in public service CONDITION 2. The estimated cost for the road improvements referenced. in Proffered Condition 13.E.ii shall be $9,800,000. (T) (Note: This condition supersedes that portion of Proffered Condition 13.E.ii referencing the estimated cost for road improvements, only.) 2 O'1SN0223-SEP24-BOS-ADD III