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13 <br /> 1 - Projected Orange County Tax Phase I: $439,000+/yr <br /> 2 - Projected Additional Value of future phases: $30,000,000 - 60,000,000 <br /> 3 - Projected Orange County Tax future phases: $263,000 —526,000/yr <br /> 4 <br /> 5 Project Milestones: <br /> 6 ❑ 2008-Developing the 54-acres Carraway Village site becomes a Town of Chapel Hill <br /> 7 Economic Development initiative <br /> 8 ❑ 2012-Our firm became the 4th development group to get involved, all others had walked <br /> 9 away <br /> 10 ❑ 2013-12-months of working with NCDOT/Town Transportation to figure out road <br /> 11 improvements to Eubanks Road/Intersection <br /> 12 -Determined road cost of$3-4M, approached Town for financial help with road <br /> 13 improvements <br /> 14 02014-Submitted our Special Use Permit <br /> 15 02015-Special Use Permit approved, but question of Town's help with road costs pushed <br /> 16 post-SUP <br /> 17 ❑ 201 6-Submitted our Zoning Compliance Permit for Phase I (400 apartments, 8,500 sf <br /> 18 commercial), and road work <br /> 19 -Economic Development Incentive Agreement for help with road costs <br /> 20 approved/executed November 7, 2016 <br /> 21 -Zoning Compliance Permit for Phase I approved on November 28, 2016 <br /> 22 -Building design underway for Phase <br /> 23 <br /> 24 Again, we request you please consider adding the above provision to the resolution. <br /> 25 Aaron Nelson, Chapel Hill-Carrboro Chamber of Commerce, said he worked with Mr. <br /> 26 Golden on the above information, and this is a technical issue. He hoped that the Board would <br /> 27 adopt the proposed draft above, and send it back to staff for review, etc. <br /> 28 Commissioner Marcoplos said their request is within the spirit of what the Board was <br /> 29 trying to accomplish, and needs more review. He suggested scheduling this item for a future <br /> 30 meeting, after staff review. <br /> 31 Commissioner McKee agreed that the Board should at least consider this. <br /> 32 Commissioner Price asked if there are any legal ramifications to paying early. <br /> 33 John Roberts said no, but he recommended deferring this item to December 13th to give <br /> 34 staff time to review this. <br /> 35 Commissioner Rich asked if there are more large projects like this one. <br /> 36 Commissioner Jacobs said he is willing to have staff to review this, but he also does not <br /> 37 want this available as an ad infinitum opportunity going forward. He said the Chamber is <br /> 38 helping some entities that are large, while others are not receiving help; and he wanted to be <br /> 39 fair to all. He said there should be some limits. He hoped staff would look at a reasonable <br /> 40 compromise. <br /> 41 <br /> 42 A motion was made by Commissioner McKee, seconded by Commissioner Burroughs to <br /> 43 bring this agenda item back on December 13th after staff and attorney reviews. <br /> 44 <br /> 45 VOTE: UNANIMOUS <br /> 46 <br /> 47 6-j, k, I, m — Emergency Services Franchise Agreements <br />