Laura Trezevant 6606 London Drive Memphis, Tennessee 38120 June 18, 2018 Planning Commission ℅ Cameron Ross 1920 South Germantown Rd. Germantown, TN 38138 Re: Rezoning Effort for The Cordova Triangle To Whom It May Concern: Certainly, I appreciate the neighbor’s efforts to maintain their property values, as it is our intent to not only maintain, but to improve surrounding properties by a value-added development not only for the neighbors, but as a new revenue-generating asset to the City. We respectfully request a denial of the rezoning effort from T4 backwards to residential. My niece and I have been looking for years for a commercially zoned property for our first development together. We found an owner willing to sell the southernmost tip of the property known as The Cordova Triangle, containing approximately .75 acres. The Seller set the price high, so I called the City to find out the zoning and what uses were permitted. I was informed that it was part of the new Smart Growth plan and was in the SmartCode T4 zoning with many allowable commercial uses, so we hired a lawyer to pursue our purchase of the site and closed on the land. We were both looking forward to seeing what we could do to create a project that would be a huge visual improvement to the Gateway of Germantown, and a contributing asset to the City. My first action after closing, was to meet with the City to find out what would excite them as the entry to Germantown. They provided me with the General Urban Use Standards which spells out the building requirements and allowable uses including apartments, lodging, schools, offices, fire station, libraries, retail, restaurant, and banks. As you know, the City of Germantown realized their development restrictions were causing harm to its residents putting the primary tax burden on them. Increased tax revenues pay for added police service, better fire department, better libraries, better ambulance service, the new elementary school and school system, topnotch community amenities, and improved quality of life. Germantown had empty, concrete parking lots, stagnation, rising property taxes, a tax plateau, and decided to do something about it. Confined to their existing boundaries, the City decided if they can’t grow outward, they would have to grow upward. They used tax payer’s dollars to hire St. Louis-based Lawrence Group, to craft “Vision 2020,” a “Smart Growth” plan, and “a movement designed to transform the city’s commercial core and the put the urban back into suburban.” The dense commercial re-development plan will generate the tax revenue to grow and sustain the City of Germantown for years to come. With significant public participation, the Smart Growth Plan was adopted in 2012. Our property is part of the core plan and Vision 2020. We hired an architect familiar with the SmartCode, at the City’s request, to present a plan for development of the site which would fulfill the requirements of the T4 zoning. We worked with the developers of both Thornwood and Travure to benefit from their knowledge of planning and building under the new zoning. Each of these new developments have added tremendous value to their respective neighborhoods by adding a multi-use project within walking distance. In fact, they created a new demand for adjacent housing at an increase in home values. The Nottaway HOA head stated that homes during and after construction sold for more money than the prior purchase price and