Minutes BZA 10 23 2024

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Mr. Seidov said one hundred twelve.

Mayor Sherlin asked if their company was going to build those homes.

Mr. Seidov said right now they are planning on building those homes.

Mayor Sherlin asked what the name of the company was.

Mr. Seidov said HBG. He is a developer and while they are going through this, they are
working with the National Home Builders Association. What they can build, what the
saturation is, and how many homes their company actually can do horizontally, they
don’t have the number right now.

Mr. Proffitt asked if they were going to have the site prepared for construction.

Mr. Seidov said the entire site. The amenities, the roads, the initial sidewalk coming in,
the pavilion, the pickleball court, and the fence will all be built. Once 80% is built out,

they will put a topping on it.

Mr. Proffitt asked once the site is prepped and ready to build on, is one of the options to
sell it to someone else who wants to build those homes.

Mr. Seidov said absolutely.

Mayor Sherlin said that was his question, if they were going to build the homes, or if
someone else was going to build them.

Mr. Seidov said they will build some of the 112 homes. They do not know exactly how
many. There is a cost associated with it based upon construction drawings that are going
to come out. If they go high, they do not want to carry the cost of all those lots and not
have a 12% increase on development costs, they will go belly up. You have to sell some
of the lots to bring money back in.

Chairperson Kite said even though code has been _met_on the homes built in town
recently, we want to make sure there’s no shoddy homes. That might expand on what he

is trying to get out.

Mr. Seidov said they are also looking at other sites. Their intent is to stay in Athens, TN.
He has talked to the city staff and AUB. They are listening to the city to see what they
want.

Chairperson Kite said they just don’t want to get down the road and be responsible for a
subdivision that is less than it should not be.