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51 <br /> Lloyd Farm <br /> r <br /> .1 _ � SWSrtAnPX y <br /> . •• - OfFwC€ <br /> PROJECT DESCRIPTION: A mixed use project with multiple commercial buildings on approximately <br /> -40 acres, including Harris Teeter grocery and energy center. A proposed 200 unit senior living <br /> residential facility and 20 townhomes. It is located at the corner of Old Fayetteville Road and <br /> Highway 54 on property historically known as Lloyd Farm. The developer is proposing a payment <br /> in lieu between $743,000 and an additionally $250,000 conditioned on the ability to provide on- <br /> site affordable housing units. <br /> CURRENT STATUS: A revised zoning application has been submitted and is under review. A public <br /> hearing was held by the Board of Alderman on September 25, 2018. The item has been continued <br /> until October 23, 2018. <br /> PROJECT BACKGROUND: Project was originally considered by the Board and denied in 2016. The <br /> applicant modified the plan and resubmitted an application in the spring of 2018. A public hearing was <br /> held September 25, 2018 and continued until October 23, 2018. <br /> ESTIMATED TAX VALUE: $64,000,000 <br />