Annexation Petition Number:   07-A-16
Property Addresses:   1650 High House Road and other unaddressed properties
Wake County Parcel Numbers:  0744613580 portion, 0744515979 portion
Real ID Numbers:   0068092, 0342712
Petition Date:   3/29/2007     
Proposed Effective Date:   5/24/07

OWNERS:
Sears Farm, LLC
1142 Executive Circle, Suite D
Cary, NC  27511

LOCATION:   At the intersection of High House Road and Davis Drive

MAP:     Vicinity Map

ZONING & PROPOSED USE:
Current Zoning:   Planned Development District - General Commercial Wake (GCPW); Residential Multi-Family (RMFPW); Residential-8 (R-8P)                       
Acreage:   4.90 plus 0.00 adjacent right of way = 4.90 total deeded acres
% Contiguity:   61.2%                   
Contiguous to Corporate Limits:   Yes
Proposed Use:   Residential Subdivision in a Mixed Use Overlay District  
Associated Rezoning Case:    None     
Associated Development Plan:   06-SP-005 (Searstone PH 1)   

UTILITIES:
Water:    On Site  
Sewer:   On Site  

DISTRICTS & TAX VALUE:
Fire District:   Morrisville                                              
Voting District:  D
Tax Value:    $373,448