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LOCAL NEIGHBORHOODS
VISTA
POINT
Vista Point was developed privately as a part of an annexation agreement with the Town. The site was vacant dredge rock in unincorporated Summit County. The developer constructed both Vista Point and Gibson Heights. Also included was a dedicated park and childcare center. Approximately $105,000 in PIFs and Planning Fees were waived.
Neighborhood Summary:
# of Units: 18 Restricted, 39 Market
Density: 5.1 UPA
Type: Single Family, Duplex, Triplex
Occupancy: Owner Occupied
Initial Pricing: $233,000-$450,000
AMI Target: 120% AMI
Neighborhood Amenities: Rec Path,
Childcare Center,Trails, Public Transit
Construction Complete: 2004
Covenant Summary:
Employment: 30+ hours per week in Summit County
Income Limits: None
Property: Can Own Other Property
Appreciation Limit: The sum of the change in AMI, using 3% whenever the change is less than 3%
Commission: 7% of sale price
Capital Improvements: 15% of initial purchase price
Retirement: Partial retirement at age 55, Full retirement at age 65
Rent: Yes, but must be Owner Occupied
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