Vision 2001-2020 comprehensive plan adopted; recommends housing clusters.

Fairways Group makes it known that the golf course property is for sale for approximately $6 million.

City gets the property appraised. The appraisal report estimates the prop-erty’s value at $4.1-$4.5 million as a golf course and $5.2 million if its use is not limited to a golf course.

Lawrence Group provides conceptu-al-level plans to assess development potential. Lawrence Group developed fi ve options. Projections on revenue were made for three of the options using market real estate and absorp-tion rates at the time. Projected in-vestment of $40 million to $45 million would be achieved after 6-7 years. Assuming such investment, the City’s $4.1 million (principal) would be re-captured in about 10 years through added real estate tax revenue.

Meadowbrook ceases operation of the swimming pool facility.

1.08 acres of the property adjacent to the 2nd and 3rd holes conveyed to Newbern Properties.

Land exchange with Roanoke Regional Airport Commission enabling expan-sion of the Runway Protection Zone. The airport gains +/- 17 acres of the golf course for expansion. City gains +/- 15 acres of adjacent land to the west of the Runway protection zone.

City and Roanoke Regional Airport Commission execute a 10-year lease for the Runway Protection Zone. The lease contains a clause that RRAC has right to immediately terminate the lease and to “reclaim, fence off, and or other-wise secure” the property, without prior notice, under certain terms and condi-tions related to airport security.

Lawrence Group initial report provid-ing a general assessment of the prop-erty.

City Council adopts the Peters Creek North Plan recommending mixed den-sity housing for the property.

2001 20032002

Toll Brothers notifi ed City that it does not intend to pursue development of the property.

Community Meeting prior to issuing 2nd RFP to gain guidance on content of RFP.

City issues a request for letters of in-terest and later issues a 2nd Request for Proposals.

City received a single proposal from Countryside, LLC

City Council authorizes Countryside, LLC to refi ne its development concept and resubmit by March 1, 2007.

2006City Council authorizes release of the Countryside LLC development con-cept. A community meeting is held for public review and comment on the proposal.

City records input from meeting and sends a list of issues to address to Countryside LLC to refi ne plan.

City rejects revised Countryside LLC plan

Meadowbrook Golf projects net an-nual income is $75,000 per year. New operating agreement with Meadow-brook for one year. Meadowbrook pays City $17,500/year. This agree-ment was extended an additional year through October 31, 2009.

2007 2008 2009 2010January: Economic downturn and re-lated fi scal constraints require deferral of numerous City capital projects. Golf Course improvement funding delayed to fi scal year 2012.

February: Meadowbrook Golf and City do not come to terms to enter into the 5-year management agreement given approximate two-year delay in funding for capital improvements.

City Council announces closure of golf course. The interim management agreement is terminated and lease with the Roanoke Regional Aiport Commis-sion is terminated.

City staff directed to work with commu-nity on a process to develop alternative development strategies for the prop-erty.

City Council favors making approxi-mately $1.5 million in capital improve-ments and extending the operating agreement with Meadowbrook by 5 years.

City and Meadowbrook Golf execute an interim management agreement. Under the interim agreement, the City pays Meadowbrook Golf $75,000 per year to operate the course until a 5-year agreement is effective and capital projects are initiated.

2004Continued communication between City and Fairways Group.

1925-19991925-1962: Ole Monterey (1925), Blue Hills (1957), and Botetourt (1962) golf courses open

December 1965: Map of Arrow Wood Country Club. 46-acre clear zone owned by City of Roanoke leased to the club. U.S. Golf begins subdivid-ing lots off of the property.

1991-1999: Hanging Rock (1991) and Ashley Plantation (1999) golf courses open, increasing the num-ber of public courses in the Roanoke Valley by 2/3. In addition, numerous courses are constructed in the Smith Mountain Lake area.

CountrysideChronology

2005City Council authorized the purchase for the purposes of development. A sales contract was executed with a sales price of $4.1 million. The pend-ing sale is announced May 5.

City Council authorized $3,975,000 of general obligation public improvement bonds to fund the purchase.

City administration held a public meeting at William Fleming HS to an-nounce the sale and outline the next steps.

Roanoke Regional Airport Commission indicates need for expansion of RPZ

RFQ issued. Toll Brothers notifi ed it was selected as a Qualifi ed Develop-er. Another responder to the RFQ was notifi ed it was not selected as a quali-fi ed developer.

Property conveyed to City and the City and Meadowbrook Golf execute an agreement for Meadowbrook Golf to operate the course. The agree-ment ran on a yearly term. Meadow-brook Golf leased the land from City and paid $35,000 per year. Meadow-brook covers the cost of operation and retains all revenue. The tennis facility is also controlled by Meadow-brook and sublet to third party.

Request for Proposal issued to Toll Brothers.

Property rezoned to ROS (Recre-ation and Open Space) district as part of a comprehensive rezoning of the entire City (as were all the golf courses in Roanoke). Prior to the rezoning, the main body of the prop-erty was zoned RM-2 (Residential Multifamily, Medium Density) and the Laurel Ridge area was zoned RS-1 (Single-family Residential).

2005