The first phase, under construction on the east side of the subdivision's Cabo San Lucas Street, will consist of 60 homes. The second phase, on the west side, will consist of 71 homes.
Holt said, "The potential is tremendous. It's close to the college and the intersection on (Highway) 111."
Holt said the concrete walls along the perimeter are an improvement over other developments in the area with wooden fences that, according to Holt, are falling down.
"It's something that will give it longevity," said Holt.
In other action, City Manager Vincent Long addressed the council on his proposal for a citywide master plan for parks.
"We need to come up with a comprehensive plan for the needs based on the number of acres per park so as to meet with state requirements," said Long.
The council approved Long's proposal to spend up to $20,000 for the project in a 4-0 vote, with City Councilman James Tucker temporarily absent from the meeting.
Long said the project would include input from the public at the initial, intermediate and final stages and would concentrate on recreational programs as well as facilities.
Long added city officials would be looking outside the city to see what recreational services other cities provide.
"Right now it's mostly anecdotal and opinion-based; this way we can be more systematic," said Long.
In other matters, the city will be meeting with property owners north of Aten Road between Clark and Dogwood roads who have shown an interest in becoming part of the city.
Other possible annexations include an area east of Nance between Worthington and Brewer roads as well as an area in the vicinity of Aten and Austin roads.