Matera Ridge Due Diligence Documents
(as of May 4, 2010)
Background
Information:
1.
Executive Summary to include description of
ownership with owners names, products and services, the industrious competition
and market, operating plan, management, organization and ownership, goals and
strategies, financial assumptions and line itemized per forma must show a
minimum 25% profit exit strategy.
a. Matera Ridge Executive Summary
2.
Full resumes on all principles, developers
and builders with detail on former project that they have been involved in.
a. Hugh Hempel
3.
Copy of signed purchase agreement and all
addendums
a. Burkhart Purchase Agreement
for Matera 31Jan06
b. Burkhart
Purchase Agreement 1st Amendment to 21Nov06 (hard copy upon request; not yet
scanned)
c. Purchase
Agreement for Thomas Creek 26June06 (hard copy upon request; not yet scanned)
4.
Appraisal or Documentation of Estimated
Value
b. Thomas Creek Appraisal 5-20-08
c. James Wimberley Resume (appraiser)
5.
Color pictures of subject property:
a. Please
see: http://www.materaridge.com/land.htm
6.
Recent Local Real Estate Market Data
a. Reno MSA Report (Feb. 2010)
7.
List of all specific permits and approvals
a. Matera
Ridge received land use approval for 632 units via the Washoe County
Comprehensive Plan Amendment process and specifically the Approved Forest Area Plan (13.8 MB)
i.
Please refer to Character Management Area
policies F.2.16, F.2.17, and F.2.18 on pages 16 & 17 for the residential
development specifics as part of the Matera Ridge Mixed Use Overlay District
(MRMUOD).
ii.
Please
refer to policies F.3.3 thru F.3.5 for specifics of the commercial portions of
the project.
iii.
Related character management Maps can be found
on page B-5 in the appendix.
Title
Reports and related items:
1. Title Report:
a. Matera Western Title Co 1st
Amended Title Report 21Nov06
2. Insurance Agent name and phone number:
190 West
Huffaker Lane, Suite #403
CORPORATION/LLC/PARTNERSHIP Docs:
1. Articles of Incorporation.
a. Matera Ridge Operating Agreement and Articles.pdf (2.4 MB bytes)
b. Matera Amended Operating Agreement 16Mar06
c. Tierra Vista Amended Operating Agreement 1Apr06
Land Notes
& Deeds:
Stonefield Promissory Note
11-21-06 (also listed
under water notes)
Burkhart Original Promissory
Note 27Feb06
Thomas Creek/Mountain Springs
Church Promissory Note 25Sept06
Studies & Reports:
Engineers Cost Estimates
(875 units by Wood Rogers)
Directory of AutoCad Drawings:
1. Commercial Village Concepts -1
2. Commercial Village Concepts -2
3. Original Tentative Map
Building Pads
4. ACAD2004-ThomasCreekIntersection.dwg
5. ACAD2004-ThomasCreekParkway.dwg
7. ACAD2004-FawnLane-AnikaDrive-Alternate.dwg
8. ACAD2004-Matera Final Map
Grading.dwg
Phase I and II Reports (hardcopy only upon
request)
Tentative Map (hardcopy only upon request)
Traffic Haul Reports (hardcopy only upon
request)
Financial Estimates and Forecasts:
Proforma and Cash flow for
Full Master Development
11 Years local Land Sales Data
(MLS)
·
Includes summaries and charts
11 Years Local Home Sales Data
(MLS)
·
Includes summaries and charts
·
Does NOT include “builder
sales”
Water Notes
& Docs:
Stonefield Promissory Note
11-21-06
Miscellaneous
Matera Ridge Water
Requirements Summary