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3 <br /> 1 Bonnie Hammersley introduced this item. She noted that the numbers included in this <br /> 2 project presentation are speculative and will probably change. She said the town manager <br /> 3 hopes the County will keep an open door in considering this project and remember that this <br /> 4 request is not for a multi-year agreement. <br /> 5 Craig Benedict reviewed the following PowerPoint slides: <br /> 6 <br /> 7 Ephesus Church Road/Fordham Boulevard Project <br /> 8 Small Area Planning <br /> 9 Traffic Analysis <br /> 10 Stormwater/Flood Control and School Impact <br /> 11 Orange County Planning comments <br /> 12 <br /> 13 Outline of Comments <br /> 14 A. Purpose <br /> 15 B. Study Area Overview <br /> 16 C. Objectives <br /> 17 D. Context <br /> 18 D-1 Surrounding Context <br /> 19 D-2 Project Area Existing Land Use <br /> 20 E. Public Transit <br /> 21 F. Road Improvements <br /> 22 G. Stormwater/Flood Control & Map <br /> 23 H. School Impact <br /> 24 H-1 Abstract <br /> 25 H-2 Scenarios; Table Form <br /> 26 <br /> 27 Overview & Orange County Comments <br /> 28 A. Purpose: To review <br /> 29 Planning document <br /> 30 Synthetic S-TIF proposal costs <br /> 31 Stormwater and Water Quality <br /> 32 Flooding <br /> 33 Multi-modal Transportation <br /> 34 Regional Economic Development Opportunities <br /> 35 School Impacts <br /> 36 <br /> 37 B. Study Area Overview <br /> 38 A few miles from downtown Chapel Hill <br /> 39 Proximity to the I-40 interchange <br /> 40 Major commercial district of Chapel Hill and Orange County <br /> 41 High Potential for Redevelopment <br /> 42 <br /> 43 C. Primary Plan Objectives <br /> 44 Increasing the economic potential <br /> 45 Improving the transportation conditions <br /> 46 D.1. Surrounding Context <br /> 47 • Along Hwy 15/501 — a gateway corridor and a high investment corridor <br /> 48 D.2. Existing Land Uses <br /> 49 Commercial —74% <br /> 50 High Density Residential — 13% <br /> 51 Low Density Residential —2% <br />