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7 <br />4. Economic Development Potential for Ephesus /Fordham Development Project <br />Update <br />The Town of Chapel Hill has provided the attached memorandum detailing information <br />on the Ephesus Fordham project as well as noting some of the status of development <br />and improvements occurring as part of the project. <br />Staff will provide any other information at the meeting, and the governing boards can <br />discuss issues related to this item as necessary. <br />Attachment 4 -a — Memorandum Regarding Ephesus Fordham Renewal Information <br />FINANCIAL IMPACT: There is no direct financial impact associated with discussion of these <br />topics. There are no action items requiring formal decisions. <br />RECOMMENDATION(S): The Managers recommend the governing boards discuss the topics <br />listed and provide appropriate direction to the respective staffs. <br />