TOWN OF CHAPEL HILL - File #: [23-0247]

• File #: [23-0247]
• Version: 1
• Type: Discussion Item
• Status: Passed
• File created: 1/19/2022
• In control: Town Council
• On agenda: 3/22/2023
• Final action: 3/22/2023
• Title: Consider Authorizing the Town Manager to Execute a Development Contract with Community Housing Partners (CHP) for the Redevelopment of Trinity Court.
• Related files: [21-0921], [22-0026], [22-0249], [22-0348], [18-0702], [19-0372], [20-0346], [21-0898], [22-0381], [22-0863], [23-0154]

Date	Ver.	Action By	Action	Result
3/22/2023	1	Town Council	adopted	Pass

title
Consider Authorizing the Town Manager to Execute a Development Contract with Community Housing Partners (CHP) for the Redevelopment of Trinity Court.
body

Staff:
Department:
Faith Brodie, Director
Public Housing
Emily Holt, Affordable Housing Development Officer
Affordable Housing and Community Connections

Overview: This agreement authorizes the Town Manager to execute a development contract with CHP for redevelopment of the Trinity Court public housing community.

The Town and its outside legal counsel at Ellinger & Carr, PLLC have worked with CHP to draft a development contract that establishes the major terms and conditions between CHP and the Town in carrying out the redevelopment of the Trinity Court public housing community.

Between 2018 and 2022, the Town Council has consistently reviewed and authorized the steps leading to consideration of this agreement including applying for RAD assistance, selecting a developer, negotiating terms and conditions with the developer to redevelop the site, approving the rezoning application, authorizing an option agreement, and allocating $1,175,691 in affordable housing funds.


Recommendation(s):
That the Council authorize the Town Manager to execute a development contract with Community Housing Partners to establish the major terms and conditions for carrying out the redevelopment of the Trinity Court public housing community.


Key components of the agreement:

* Confirmation of general terms and conditions: reconfirms the project schedule and names the selected members of the development team.

* Developer responsibilities: the developer will be responsible for the site planning, deconstruction, redevelopment, and lease-up of Trinity Court in accordance with the Town-approved plans and affordability restrictions imposed by the Town. Developer will also be responsible for securing all financing and ensuring adherence to state, federal and local funding requirements, and Town-issued permits.

* Confirma...