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Other: <br /> <br />B. RATIONALE <br />1. Purpose/Mission <br />In order to better promote economic development opportunities in the Hillsborough <br />Economic Development District (EDD), the Planning Director is suggesting <br />consideration of rezoning parcels in the EDD south of Interstate 40 in the vicinity of <br />Old Highway 86. Related text amendments to the UDO are also being proposed as <br />a separate action. <br /> <br />2. Analysis <br />The Hillsborough Economic Development District (EDD) has been designated as an <br />EDD since the mid-1990s and was designated Transition Area in the 1981 <br />Comprehensive Plan. The County is currently working on plans to invest in <br />extending water and sewer infrastructure to the south side of Interstate 40. Planning <br />and Economic Development staff are suggesting that these areas could be better <br />promoted to economic development prospects if some areas were rezoned to <br />districts that allow for a broader range of uses and higher intensities and if some text <br />amendments were made to the UDO (the text amendments are a separate but <br />related item). <br /> <br />Portions or all of four parcels, totaling 166.2 acres, south of Interstate 40 and west of <br />Old Highway 86 are proposed to be rezoned from EDH-3 to EDH-5. Additionally, <br />17.05 acres of interstate right-of-way is proposed to be rezoned from and to the same <br />districts. <br /> <br />One 34.58 acre parcel west of Old Highway 86 is proposed to be rezoned from EDH- <br />2 to EDH-4. Additionally, 8.92 acres of interstate right-of-way is proposed to be <br />rezoned from and to the same districts. <br /> <br />The maps included in Attachment 3 shows the extent of the proposed rezonings. <br /> <br />Three overlay districts are applicable in this geographic area of the county: <br />• Watershed Protection Overlay District (parcels of interest are located in the <br />Lower Eno Unprotected Watershed Overlay District and shall remain in this <br />overlay district; Section 4.2 of the UDO contains requirements for this overlay <br />district) <br />• Special Flood Hazard Area (SFHA) Overlay District (no modifications to the <br />boundaries of this overlay district are being suggested; Sections 2.6, 4.3, and <br />6.6.1 of the UDO contain requirements for areas within the SFHA Overlay <br />District) <br />o As a reminder, stream buffer requirements are separate from SFHA <br />requirements. Stream buffer requirements continue to apply as well. <br />• Major Transportation Corridor (MTC) Overlay District (no modifications to the <br /> 302