S-19-04 Penny Road Project [PIN: 0761.04-83-6780, 0761.04-83-3681] A preliminary plan to subdivide 22.0 acres into a lot-by-lot development containing 16 lots. The project is located on the southern side of Penny Road, between Holly Springs Road and Dutchman Drive. The tract is zoned R-40W and is in Cary’s Short-Range Urban Services Area Water Supply Watershed (Non-Critical Area- Lake Wheeler). The applicant does not indicate the method of meeting the Neighborhood Recreation Area Requirement on the application but staff understood that this would be met with a fee in lieu. (Submitted 4-27-04)