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Jamey Ayling <br />January 19, 2024 <br />Page 5 <br />plat of tlm final division, or upon. selling of_the last lot, the model hpme, real estate sale lbc ty, <br />or construction offices will be decomuvssioned or transferred over as a one of the 243 single- <br />family residences. <br />In summary, the aforementioned provides the background of the Ranch On Swauk Creek PUD <br />project along with inchiding elements, all which are consistent with the approvals and the <br />Development Agreement process and code. Furthermore, this specific request is to provide an <br />actual project deadline date of 30 years from the Development Agreement approval date. All due <br />to the ongoing processes, that are out of the applicant's control, in obtaining and meeting <br />conditions placed upon this project along with the fluctuations of the financial markets. This <br />request is specifically directed towards KCC 15A.11.020(5)j., where you see in the above phasing <br />& build -out or vesting period element, it is described that the completion of the project is and will <br />continue to be based upon achieving approvals from the appropriate agencies along with the ever - <br />changing market conditions. <br />Regards, <br />Chad Bala <br />