Minutes 03-26-2015 - Town of Chapel Hill

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create affordable rentals within their developments. He said examples of this are the Timber Hollow Project, a rebuild project that either created affordable housing where there had previously been none; and the new build Graduate Project behind the Franklin Hotel, which created affordable housing despite it not being a requirement of the project. Council Member Ward said the Town did not abandon affordable housing but gave away the bank in terms of having one lever - to increase density in that district - to leverage affordable housing. He said that was abandoned and he hoped that they would revisit this for this entire area. Mayor Kleinschmidt said that there are many more levers, and one of them is excusing their own properties, and creating incentives. Council Member Ward said giving $2 million to somebody to help build affordable housing is unassociated with the rezoning of Ephesus/Fordham. Commissioner Rich asked when the request from Chapel Hill on funding from Orange County to this area will be back on the Commissioners' agenda. Bonnie Hammersley said it is not on the three month rolling calendar at this time. Chair McKee said it was left so that when the project came forward it would come back to the Board's attention. Bonnie Hammersley said that the County would leave the door open and will look at the performance. Roger Stancil said the agreement was that they would come back to Orange County when there was an actual tax value and when they knew better the number of school children living in the district. Commissioner Rich said their timing is past the three month rolling calendar. She asked when that information will start flowing in. Roger Stancil said the first project is just beginning construction, and information will come when this is on the tax bill. A motion was made by Commissioner Rich, seconded by Commissioner Pelissier to adjourn the meeting at 10:02 p.m. VOTE: UNANIMOUS Earl McKee, Chair Donna Baker, Clerk to the Board