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Cf "D 4 Narrative in Support of Application for Conditional Zoning District I. Location and Description of Property. The Village of Cumnock, LLC (the "Applicant ") owns a parcel of land that consists of 128.84 acres, identified as Lee County P.I.N. No. 9625 -63 -6695 (the "Property"). The Property is located east of the Deep River, north of US Highway 421 North, and west of Cumnock Road, as shown in the plat of the Property that is attached as Exhibit 1. The Property has over 2,000 feet of road frontage along US Highway 421 North and over 800 feet of road frontage along Cumnock Road. As the Property is located adjacent to US Highway 421 Bypass (that is currently being constructed and will intersect with US Highway 421), the Property is located next to a major highway corridor, thoroughfare and interchange. (The Sanford/Lee County Thoroughfare Plan Technical Report states that Highway 421 is a major thoroughfare.) Currently, US Highway 421 North brings traffic from Siler City and Greensboro to Sanford, by connection with Horner Boulevard, which is a major commercial corridor. The Property is currently undeveloped and vacant. The land located immediately north of the Property is owned by the Applicant, and it is also vacant. The Applicant also owns two tracts that are located east of Cumnock Road and south of Cotton Road. The Property is currently zoned Residential Agriculture ( "RA "), and the Applicant seeks to rezone it to Highway Commercial Conditional Zoning District Type 2 ( "HC -C "). As indicated in the site plan attached to the Application for Conditional Zoning District, the Applicant will develop the Property in three phases. The phasing of the development of the Property is to ensure adequate market absorption of each of the completed phases developed on the site. H. The Application is in Conformity with the Comprehensive Plan and the Goals, Objectives, and Policies of the Ordinance. The Applicant's request to rezone the Property to HC -C is in conformance with the Sanford & Lee County 2020 Land Use Plan (the "Land Use Plan "). As seen in Exhibit 2, the Land Use Plan provides that the Property is within in a Highway Node and a Highway Overlay classification. The highway classifications for the Property anticipate retail and commercial uses and major office and business park employment. The Land Use Plan defines "Highway Node" as a land use classification identifying a major mixed use area of retail /service center of over 200,000 square feet with additional major office and business park employment, and it defines "Highway Overlay" as areas with high level of design and development standards along major transportation corridors or major highways. The proposed rezoning to HC -C will allow development that is appropriate and well suited for a Highway Node and a Highway Overlay area. Rezoning the Property to HC -C would bring the Property into conformity with the 2020 Land Use Plan, and will allow for appropriate development along a major highway corridor, thoroughfare and interchange. The development that is permitted by the current zoning for the Property (RA) would not allow much of the development that would be appropriate for a location along US Highway 421 Bypass and the interchange. {SK006863.DOCX 4 ) r