AG 2005 05 23 - Laserfiche WebLink

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Commerce Department Memo To: Board of Commissioners From: Jonathan B. Marshall, Commerce Director cc: John D. Day, County Manager Date: May 16. 2005 Re: Christenbury Land Investments Consent Agreement This consent agreement is for a mixed use development approved by the City of Concord. There are a number of issues related to this consent agreement that may affect your review of it. The following are some of these issues: ' . This development will gain primary access from Christenbury Parkway. County staff along with NCDOT and private property owners began work on this road project over 3. years ago. The property owner, Christenbury Farms, has dedicated the right of way for this project without cost. The estimated value of this donation is $1.5 million. The project is now under construction. . The Board of Commissioners considered and approved an additional donation to the road project from the property owner in June of 2004. As part of this approval, the Board agreed that the contribution (up to $200,000) would be credited to adequacy fees for the development of the property. That donation will be necessary to complete the road project. . The proposed development is a mix of residential housing types and a neighborhood commercial area. There is also additional land owned by Christenbury Farms on the south side of the new road project that is planned for non-residential uses. . The property developer has 'been working with the City of Concord to site a new fire station within this project area. They have indicated that the station could be constructed to accommodate a County EMS station in the future. Representatives of the property owners and the property developers will be present at the meeting to provide additional details about each of these issues. E-4