The typical “Village” of the Company is a Mixed Usage property. The featured mixture of usages is single and multi-family residential, office and street-front retail commercial. The “Residential Units” are comprised of single family units (Executive, Manor, Patio and Town homes) as well as multi-family garden style condos. The preponderance of the units being offered on a “For Sale” basis. The Restrictive Covenants and the Condominium Association provisions provide each facility with a rental program for all Village Development Group owned units and for units owned by third parties desiring to offer those units for rental. Each Village will feature an extensive amenities package. In addition to the typical clubhouse, exercise facilities, pool, tennis courts, walking and bike paths, each Village will feature a unique blend of traditional styling, functionality and technology. The architectural and social focus of each Village will be the “Village Square” generally comprised of a clubhouse, exercise facilities and office/business center.
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Communication and information technologies are designed to be an integral aspect of The Village. Such amenities are becoming a pre-requisite to the active lifestyle of the target Purchasers. This applies to the Village as a whole and the individual residential, commercial, retail and club space. This component consists
of a blending of computer technology in each home and “on-site” wireless communications. The center piece of the “on-site” communications network will be the Business Center. The Business Center is a facility situated within the “Village Square” comprised of office and conference space. Within the Business Center a secretarial service will be located to provide users with document preparation, phone answering, voice mail, copying and faxing services. The exact nature of the inclusion of computer and internet technologies into the design and construction of the residential units is a matter which is still in the process of defining and refining.
In addition to exterior and site maintenance provided through the auspices of the Homeowners Association various additional services will be available to residents on a cash-and-carry basis. Basic management and maintenance fees will be assessed to residents as Homeowners Association Dues. The exact nature of these services is being defined. These services will be adjusted to fit the particular community and will more than likely include restaurant taxi, home cleaning and laundry services. The delivery of these services will be administered through an on-site staff.
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