Title
Lease of City-owned property on Seigle Avenue and grant to Envision Charlotte
Action
Action:
A. Adopt a resolution approving a five-year lease agreement between the City of Charlotte and Envision Charlotte, a nonprofit organization, for the use of a property located at 932 Seigle Avenue (tax parcel ID 081-115-01), and
B. Approve a grant agreement for the City's contribution of $500,000 to Envision Charlotte to fund design and capital improvements at the property and implementation of circular economy projects.
Body
Staff Resource(s):
Rob Phocas, Economic Development
Mike Davis, Engineering and Property Management
Tony Korolos, Engineering and Property Management
Explanation
* Envision Charlotte, established as a 501(c)(3), is a public-private-plus collaborative that leads Charlotte's progress as a global Smart City through innovations that strengthen economic competitiveness, environmental sustainability, and positive community impacts.
* The mission of Envision Charlotte is to make Charlotte's urban core a living laboratory to foster innovation and first-of-their kind programs that can be measured, scaled, and replicated beyond the urban core and into other communities.
* The City and Envision Charlotte recognize there is a unique opportunity to create a space where public-private-plus partnerships can flourish in a structured and creative way to create a Circular Economy Innovation Center.
* The concept of a circular economy is one in which resources are used for as long as possible and then recovered and used to generate new products and materials rather than being disposed of.
* Staff from Envision Charlotte and UNC Charlotte plan to co-locate in the facility to advance entrepreneurship, innovation, and economic mobility in Charlotte. The Innovation Center will have space for pilot and demonstration projects, entrepreneurial exploration, and community training and events.
* The City owns property at 932 Seigle Avenue (tax parcel ID 081-115-01...
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