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7 <br />No Attachments <br />c) Hillsborough Economic Development & Affordable Housing Update <br />Downtown - Construction will soon begin on a series of parking and street <br />improvements in downtown. The town and NCDOT have coordinated closely with <br />local merchants to fit the construction components around event schedules. The <br />Bank of America parking lot construction will begin as soon as asphalt plants <br />begin working this spring. Work on the west side of Churton Street could begin as <br />soon as May and will start at Tryon Street, working south to Nash and Kollock <br />Street. Work will progress block by block to limit disruptions to merchants and <br />traffic. Resurfacing of the street is expected in either fall 2015 or early 2016, <br />which is when the stamped crosswalks will be installed and work complete. <br />Waterstone — About 50 active permits for houses and townhomes have been <br />issued. The apartment complex should begin construction in the next few months. <br />The developer is finalizing the dedication paperwork for Cates Creek Park and <br />Cates Creek Parkway. The town is not aware of any contracts on other tracts. <br />South Churton & Cornelius Streets — No specific development activity. The town <br />is applying for a technical assistance grant from an economic development firm to <br />assist in the implementation of the Cornelius Street Plan (also see Item 3 -c <br />below). <br />Affordable Housing — Two Town Commissioners and two Town Planning Board <br />members are working with staff to develop a local policy to strengthen and <br />formalize the mandated "conversation" about affordable housing during the <br />Special Use Permit process. <br />Staff will provide any other information at the meeting, and the Boards can discuss <br />issues related to these items as necessary. <br />No Attachments <br />d) County and Town Tourism Activities Updates <br />In addition to a PowerPoint that will be provided at the meeting, the following joint <br />County /Hillsborough tourism related activity has been produced in conjunction <br />with the Alliance for Historic Hillsborough; Hillsborough's Tourism Board; <br />Hillsborough Arts Council; and Hillsborough's Tourism Development Authority, as <br />follows.. <br />• A brochure was produced for Hillsborough's Historic properties that <br />highlighted the town's commitment to historic preservation, inviting visitors <br />to explore Hillsborough's story, which is a story of the south. <br />• A targeted advertising campaign was produced and placed in Virginia and <br />Charlotte, reminding interstate travelers of Hillsborough's downtown and <br />area hotels. <br />