Minutes 04/27/1962 - Laserfiche WebLink

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FRIDAY APRIL 27. 1 %6 - It thus can be noted that with the existing developnent in the area there is a good balance of property use between residential, commercial and industrial. The only exception to the normal balance is that the amount of public-use property is higher than the usual ratio occurrence. This is largely due to the city airport property that has been assigned for industrial developnent. Calculation of the undeveloped area produces an estimated division of use based on the location and character of the land, as follows: Industrial Commercial Residential Indefinite 750 200 soo S72 .2.. 622 - It can be further noted that in the undeveloped area there would appear there could be a good balance of property use. The fact that the total of the breakdown of the developed and undeveloped areas does not exact the total area reported above is due to the interpretation of street areas. As far as can be ascertained, the majority of the developed properties (incustrial, commercial and residential) have been fairly well subdivided, planned and laid out. In so far as further can be ascertained, with the exception of approximately 300 to 500 acres of undevelopted residential area, the most of the undeveloped and potential industrial, commercial and residential areas have not been planned or laid out for any specific purpose. It is estimated that there is within the area apprcxx::1ma.tely 2,400 residential building lots. The residential property owned by lanier Farm, Inc., and the Whittle Trust both are undeveloped at the present time; however, they are under specific subdivision plans and would be developed on a planned basis consistent with the subdivision regulations of the city. The area outlined by the Planning Camnission has aver past years sustained and is at the present sustaining a certain rate of growth. According to what has occurred in other cities and based on the experience of the 1960 petitioned annexation here in Martinsville, it would be antici,plted that rapid further develo:r:ment should take place in this area were it incorporated into the city. It is both understood and projected that much of the planned and petitioned development in this area is dependent upon the availability of the services from the city of Mart1nsville. With the above general observations and subject to the limitations expressed, the follOWing listing is presented.