During breaks in the rain, our subcontractor completed initial site preparation and the results confirm our high hopes for the location. With heavy undergrowth and dead wood out of the way, the site's lovely topography has come into view. The shape of the land is now plain and delightful to see. We have also had surveyors return and set stakes so that it is possible to walk the property and, with a site map in hand, locate individual lots.
In addition, we have received bids on utility and street improvements and have engaged Holy Contractors LLC here in Waco to undertake the construction work. I know, “Holy” is almost too good to be true. Holy is the last name of the company owner, as in David Holy. He is a devout man of admirable character, so perhaps here is an instance of someone living up to his name. Based on now determinate costs we have established lot prices, indicated on our website: www.cloistercameronpark.com/lot-pricing.html.
Before street and utility construction begin in a few weeks, we have a window of opportunity for you to visit the property, get a good sense of where lot lines fall and individual lots will look like, and consider building your home in The Cloister at Cameron Park. We thus invite you to come take a look around as your interest and schedule (and the weather) allow. You are welcome at any time to let us know which lot you might like or ask any questions you have. If you decide to take the next step, we will have a Lot Purchase Option Agreement available beginning in June, together with the declaration of restrictive covenants.
After the pre-construction site visit period, we will work through our prospect list, taking official lot reservations through the option agreement. Many on the list first asked about The Cloister at Cameron Park two or more years ago when we first began looking for land, have followed our progress each step of the way, and have helped shape our neighborhood vision. We will honor that early interest by giving those folks right of first refusal. We know not every expression of early interest will translate into action now, so we hope more recently identified prospective neighbors will have the opportunity to reserve a lot too. We will extend invitations until either all lots have been reserved or our prospect list has been exhausted. Closing of lot sales will then take place within seven days after the final plat has been recorded later this summer (upon completion of civil construction work).
We want the Cloister to be so much more than "just another neighborhood." We want it to be a real community united in shared friendship, hospitality, and stewardship of common spaces. One expression of that vision is embodied in our approach to lot sales. We do not want a competitive, bidding up of lot prices. Instead, we are going to let prospects take turns--first come over the past couple of years, first served now--and to purchase lots at fair prices established by development costs. It is a little different to go in order and take turns, but we want The Cloister at Cameron Park to be different in a really good way.
We look to watching the Cloister come together and learning soon who our new neighbors will be.