Title
Project Quattro
Action
Action:
A. Hold a public hearing for the Tuckaseegee-Airport voluntary annexation,
B. Adopt an annexation ordinance with an effective date of June 25, 2018, to extend the corporate limits to include these properties and assign them to the adjacent Council District 3,
C. Adopt a resolution authorizing the conveyance to CF Hippolyta Charlotte LLC City-owned property (tax identifications 055-371-23 and 055-371-21) located along Tuckaseegee Road for $7,500,000 (inclusive of closing costs and fees), and authorizing the City Manager to execute all documents necessary to convey the property in accordance with the Resolution,
D. Authorize the City Manager to negotiate and execute an Infrastructure Reimbursement Agreement with CF Hippolyta Charlotte LLC in an amount not to exceed $4,400,000 for the design and construction of Todd and Tuckaseegee Roads realignment between I-85 and Wilkinson Boulevard, which will be reimbursed through the Aviation Community Investment Plan Fund,
E. Adopt a budget ordinance in the amount of $4,400,000 from the Aviation Discretionary Fund to the Aviation Community Investment Plan Fund,
F. Authorize the City manager to negotiate and execute an Infrastructure Reimbursement Agreement with CF Hippolyta Charlotte LLC in an amount not to exceed $9,000,000 for public infrastructure improvements, consistent with the terms set forth below, which will be reimbursed through 45 percent of incremental City and County property taxes from a designated area over 10 years, or until fully reimbursed, whichever occurs first,
G. Adopt a resolution ratifying an Interlocal Agreement with Mecklenburg County,
H. Adopt a Resolution of Intent to abandon a portion of Tuckaseegee Road,
I. Set an abandonment Public Hearing for July 23, 2018,
J. Adopt a Resolution of Intent to abandon Todd Road and Clark Place, and
K. Set an abandonment Public Hearing for July 23, 2018.
Body
Staff Resource(s):
Tracy Dodson, City Manager's ...
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