Coyote Springs Investment, LLC (herein referred to as "CSI") controls approximately forty two thousand eight hundred (42,800) acres of undeveloped property lying along the Lincoln County and Clark County border east of U.S. Highway 93 and north of State Highway 168, and is commencing development of those properties.
The southern portion of the property, consisting of approximately twelve thousand eight hundred (12,800) acres, is located in Clark County and is not included within the boundaries of the Coyote Springs - Lincoln County fire protection and emergency medical service (EMS) general improvement district (GID) (herein referred to as the "fire district") or the Coyote Springs - Lincoln County general improvement district (GID) (herein referred to as the "district"). CSI proposes the first phase of its development within its Clark County lands.
The balance of the property, consisting of approximately twenty seven thousand five hundred (27,500) acres, is located in Lincoln County and is within the boundaries of the fire district and the district. The Lincoln County property will be developed in accordance with the development agreement between CSI and Lincoln County adopted on December 20, 2004 (the "development agreement"). The full development of the properties in Lincoln County is expected to take up to forty (40) years.
The development concept for the Coyote Springs community consists of the gradual, phased development of a series of neighborhoods, each with their own distinct character. The neighborhoods are distinguished and connected by a network of open space that leads to unique village cores within the community. Along with golf course development, CSI's initial target development includes nine (9) distinct village types. These villages provide quality residential environments including large lot ranch communities, primary and second home communities, active adult communities, and vacation communities for the short and long term visitor. In addition, a series of business oriented villages provide the opportunity for the growth of industry and economic stability within the Coyote Springs community.
The proposed community will provide Lincoln County with a unique destination for visitors and a new economically balanced community featuring a variety of residential villages, recreational amenities, and supporting business, commercial and related uses. Community development is to be phased over as many as forty (40) years with the initial emphasis placed on developing a second home community for the local/regional marketplace seeking a variety of recreational opportunities. The latter stages focus on transitioning from a second home and bedroom community to a diverse new town with a full range of primary residential, commercial and public facilities including schools, medical facilities, police and fire protection, and grocery stores. (Res. 2005-07, 5-4-2005)