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HOME PLANTING GROWTH PROPOSAL

PRESENTED BY

6724 E CENTRAL PARK AVE BEL AIRE, KS 67226
(316) 516-9669

providencerealtyks.com

TO THE CITY OF BEL AIRE, KANSAS

FIVE YEAR HISTORY OF BUILDS IN WEST/EAST SIDES

The last SPEC house (speculative build with no buyer) was built in February 2009. (About 5 1/2 years ago)

Builder: Tri-M Construction
Broker: J P Weigand, Agent: Katie Wyatt
MLS #251513
Address: 6600 Summerside (West side of Central Park)
Sold Date: 5/27/2011
Sold Price: $245K

CUSTOM houses (a build with buyer funds to suit buyer)

Four Custom houses in the last 5 years

Builder: Tri-M Construction
Broker: J P Weigand, Agent: Katie Wyatt
MLS #300497
Address: 6805 E Central Park Ave (West side of Central Park)
Sold Date: 10/16/2009
Sold Price: $229, 888.

Builder: Tri-M Construction
Broker: J P Weigand, Agent: Katie Wyatt
MLS #300501
Address: 6815 Summerside (West side of Central Park)
Sold Date: 6/29/2010
Sold Price: $270,992.

Builder: Moeder Construction
Broker: J P Weigand, Agent: Debbie Rader
MLS #358782
Address: 5151 N Remington (East side of Central Park)
Sold Date: 9/26/2013
Sold Price: $147,163.

Builder: *
Broker: Prudential Dinning Beard—East, Agent: Angie George
MLS # ***
Address: 5136 N Colonial Ave (West side of Central Park)
Sold Date: *** mid 2014
Sold Price: ***

 ***This house was not listed in the Wichita Area MLS, so exact details are not known.
 NOT being listed in MLS is lack of marketing and results in negative consequences.
 MLS is the tool that realtors use to search for viable and growing communities.
 MLS is the main tool that appraisers use to justify approval of mortgage and construction loans for builders and buyers.

* Foundation is in on current spec/model by GJ Gardner in East side of Central Park

SPEC BUILD PROPOSAL FOR CENTRAL PARK

Builder: Triple Crown Homes, LLC
Broker: Providence Realty, LLC Agent: Katie Wyatt
MLS #TBD
Address: TBD (East side of Central Park)
Sold Date: Projected build (May-Oct 2015) Sell before 2015
Sold Price: $155-165K

Builder goal is to build at least one (1) spec home a year in this price range until all 14 lots in the East
side of Central Park are sold.

Triple Crown Homes, LLC

6724 E Central Park Ave
Bel Aire, KS 67226

License # 14-08599
Builder License Holder: Katie Wyatt
Company Owners: Katie & John Wyatt
Residents of Bel Aire, Kansas since February 2009. (Live in Central Park- East Side)

Build Experience:

Katie (New Century Homes—2 1/2 years)
John (Honey Do Homes—last 8 years)
Prior to moving to Wichita, KS in October of 2003, jointly owned and operated in Chesapeake, Virginia:
South Colony Construction for 6 years. (A home remodeling, renovation construction company)

Providence Realty, LLC

6724 E Central Park Ave
Bel Aire, KS 67226

Broker/Realtor Experience:

Obtained Kansas Realtor License in 2005 and Kansas Broker’s license in 2007.

Certified New Home Professional
Wichita Association of Realtors President Award 2008, 2010
Real Estate Apprentice Grant – Season II 2005 Winner
Experienced Site Agent for new home communities: Liberty Oaks, Sawmill Creek, Autumn Blaze
and Central Park.

COMMUNITY COMPARISON — BUYER INCENTIVES

ELK CREEK HOA (Patio)
HOA Initiation Fee: $100.
HOA Dues: $1,760 Annually
$414 Billed Quarterly and include:
Yards mowed once a week (March—November)
5 Yard Fertilizations
4 Snow Removals (not ice) $25 per additional visit over 4
Stop and Start Sprinklers
Annual Back Flow City Inspection
Weed Control for Yard (Flowerbeds not Included)

THE COURTYARDS AT ELK CREEK HOA (Patio)
HOA Initiation Fee: $500
HOA Dues: $2,160. Annually
HOA dues of $180 per month: or $540 Quarterly

Includes lawn care, sprinkler system, cost of water for irrigation, Snow removal
Exterior building maintenance excluding roof and glass breakage.

THE VILLAS OR CENTRAL PARK 4TH ADD HOA (Patio)
HOA Initiation Fee: $200.
HOA Dues: $1,440. Annually

HOA dues of $120. per month: or $360 Quarterly

Includes membership to Bel Aire community pool
Water for lawn, Sprinkler maintenance, snow removal and upkeep of common areas.
Weed control for yards (flowerbed maintenance not included)

THE LANDING AT CENTRAL PARK HOA
HOA Initiation Fee: $200.
HOA dues of $300 yearly

Includes membership to Bel Aire community pool
Homeowner installs and maintains lawn, landscaping, trees, shrubs, sprinkler, etc

CENTRAL PARK HOA (East/West)
HOA Initiation Fee: $0
HOA dues of $265 yearly

Includes membership to Bel Aire community pool, up keep of common areas
Homeowner installs and maintains lawn, landscaping, trees, shrubs, sprinkler, etc

BUILDER — BROKER MOTIVATION

BUILDER: TRIPLE CROWN HOMES, LLC
BROKER: PROVIDENCE REALTY, LLC
BUILDER/BROKER HAVE STABLE 31 YEAR PARTNERSHIP
BUILDER (TRIPLE CROWN HOMES, LLC)
IS PRE APPROVED BY REPUTABLE LENDER FOR A SPEC
HOME BUILD IN EAST CENTRAL PARK
BUILDER/BROKER LIVE IN CENTRAL PARK
BUILDER/BROKER ARE BEL AIRE CITIZENS MOTIVATED TO

TO SEE COMMUNITY IN WHICH WE LIVE GROW
TO INCREASE CITY OF BEL AIRE TAX BASE
TO HELP REDUCE TAX COST OF CITY HOLDING LOTS
TO PROVIDE ATTRACTIVE AFFORDABLE HOUSING
TO PROFIT FINANCIALLY

HOME PLANTING GROWTH PARTNER

Evan Hathaway, Loan Officer

The Valley State Bank

NMLS ID #1119778
5310 S. Broadway
Wichita, KS 67216
(316) 524-5284
[email protected]
Evan Hathaway has agreed to partner with Triple Crown Homes, LLC and
Providence Realty, LLC and has pre-approved Triple Crown Homes, LLC to build
a spec home in the East side of Central Park. This pre-approval will provide
$130,000.—$140,000. in funds to build a spec home that will sell in the price
range of $150K—$165K. This spec home will not include a finished basement,
third car garage or sod, landscaping and sprinkler system.

TRIPLE CROWN HOMES, LLC

PLAT OF CENTRAL PARK (WEST/EAST SIDES)



PROPOSED EXAMPLE OF SPEC BUILD

Two car garage to be side or rear load. Front elevations to stay within original architectural philosophy of
Central Park community. ( Colonial, Craftsman) Floor plan square footage estimated 1,300 sq ft AGLA.

PROPOSED EXAMPLE OF SPEC BUILD

***Not actual floor plan. All plans to be customized to each lot and to reflect architectural guidelines and to
be submitted to architectural committee for approval.

PROPOSED EXAMPLE OF SPEC BUILD

PROPOSED EXAMPLE OF SPEC BUILD

PROPOSED BROKER MARKETING

AVAILABLE BRANDED print marketing to include, plat maps,
(316) 516-9669 brochures, fliers and business cards that are specific
to the Central Park community.

Internet marketing to include MLS and community
page on broker website.

All builds ( spec and custom ) to be entered in the
Wichita Area MLS, so exact selling information is
known to buyer agents, potential builder and mortgage
appraisers.

Can only achieve this if one broker has responsibility
and accountability for listing all builds.

Listings placed in the Provide lot signs to market available lots.
South Central ( Wichita )
MLS are pulled from the Offer flat fee, discounted significantly less than 3%
MLS by multiple online real brokerage listing services to any and all potential
estate sites. builders.

BUILDER/BROKER REQUESTS TO CITY

BUILDER RESPECTFULLY REQUESTS

LOTS TO COST $5,000. EACH

CITY TO CARRY TAXES/PRICE OF LOT UNTIL HOUSE IS SOLD

CITY TO DEED LOT TO BANK DURING CONSTRUCTION

CITY TO CONTINUE TO OFFER CURRENT WATER & TAX INCENTIVES TO BUYERS

BROKER RESPECTFULLY REQUESTS

BROKER (PROVIDENCE REALTY, LLC) TO HAVE LISTING AGREEMENT FOR CENTRAL
PARK (WEST/EAST) FOR A PERIOD OF ONE (1) YEAR BEGINNING WITH START OF
FIRST SPEC HOME WITH OPTION FOR RENEWAL IF AT LEAST ONE SPEC HOME IS
BUILT EACH YEAR

BUILDER TO PROVIDE

AT LEAST ONE (1) SPEC HOME EACH YEAR IN EITHER THE WEST/EAST SIDE OF
CENTRAL PARK

BROKER TO PROVIDE

FLAT RATE FEE BROKERAGE SERVICES TO ANY APPROVED BUILDERS BUILDING
SPEC HOMES IN WEST/EAST CENTRAL PARK

ALL HOMES BUILT IN WEST/EAST CENTRAL PARK TO BE PLACED IN THE WICHITA
AREA MLS (FOR APPRAISAL AND MARKETING PURPOSES)

BROKER TO PLACE CENTRAL PARK COMMUNITY ON BROKER WEB SITE

BROKER TO PROVIDE SIGNAGE FOR AVAILABLE LOTS AND TO PLACE AVAILABLE
LOTS FOR SALE IN THE WICHITA AREA MLS

BROKER TO PROVIDE BRANDED MARKETING FOR CENTRAL PARK (WEST/EAST
SIDES) TO INCLUDE FLIERS, BROCHURES, BUSINESS CARDS, WEB MARKETING