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28 <br /> • Street Network and Connections to Existing Roadways <br /> • Pedestrian (Sidewalk/Trail / Greenway) Network and Connections to Surrounding Area <br /> o Parking Area for Trailhead <br /> • Parks and Open Space, including Orchard Areas and Community Garden Areas <br /> • Stormwater Facilities <br /> The Gensler and Thomas & Hutton consultant teams will present summaries of their work at three <br /> meetings of the local governments: <br /> • October 1, 2024 — Orange County BOCC <br /> • October 9, 2024 — Chapel Hill Town Council <br /> • October 15, 2024 — Carrboro Town Council <br /> Next Steps <br /> With a community-supported Master Plan near completion, the need to conduct a financial <br /> feasibility analysis of the Master Plan was identified. To this end, Orange County, with the support <br /> of the Towns of Chapel Hill and Carrboro, entered into a contract with the Development Finance <br /> Initiative (DFI) at the UNC School of Government in September 2024. DFI will conduct several <br /> iterations of the financial feasibility analysis, at varying levels of affordability, so that informed <br /> decisions can be made by the property owners (the three local governments) regarding <br /> development of the property. The contract with Thomas & Hutton was also amended and <br /> extended to provide any necessary modifications to the Master Plan that result from the financial <br /> feasibility analysis. DFI will also eventually market the project to private sector developers (both <br /> non-profit and for-profit)who would construct the Master Plan. <br /> Additionally, the "entitlement process" (zoning approval) with the Town of Chapel Hill will begin <br /> shortly. The zoning approval process will be achieved via a "Development Agreement." <br /> Annexation of the property into the Chapel Hill town limits will also occur. The timeline in <br /> Attachment 2 includes 2024 and upcoming work. <br /> Resolution <br /> The Resolution supporting the Master Plan (Attachment 1) is to be adopted by the three local <br /> governments at the respective meeting dates listed above. <br /> Attachment 3 is the Town of Carrboro's "Pocket Questions,"which are part of the Town's agenda <br /> items, and is provided to ensure all three governing boards receive the same information. <br />