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Consider an Application for a Development Agreement - Town and University Joint Operations Center, 1050 Estes Drive Extension.
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Staff:
Department:
Ben Hitchings, Director
Planning and Development Services
Judy Johnson, Operations Manager
Overview: A Development Agreement proposed by the Town of Chapel Hill and the University of North Carolina to allow for 200,000 square feet of development, including the future Town Municipal Services Center. The subject properties are owned by the University of North Carolina.
Recommendation(s):
That the Council open the Public Hearing, receive public comment, and continue the public hearing to June 27, 2018.
Decision Points:
* Development Agreements allow for customized development standards.
* This proposed Development Agreement with the Town is being requested by the University of North Carolina-Chapel Hill and the Board of Trustees of the Endowment Fund of The University of North Carolina at Chapel Hill, as owners, and the Town, as a lessee under the terms of a long term lease which is being negotiated and is anticipated to be executed for land on Estes Drive Extension.
* Full build-out contains 200,000 square feet; up to 50% may be occupied by the Town.
* Stormwater management for the entire site will be provided with the first phase of development.
* A 100'+ landscape buffer will be provided adjacent to residential properties.
Key Issues:
* The proposed Development Agreement is accompanied by a request to rezone the property to the University-1 zoning district.
* The terms of development agreement and the rezoning have been reviewed by the development review advisory boards, and the Stormwater Management Utility Advisory Board and the Parks, Greenways, and Recreation Commission.
Fiscal Impact/Resources: The Town will construct the first phase of development for the Municipal Services Center and supporting infrastructure. The Town and the University will contribute towards the costs of shared infr...
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