City of Charlotte - File #: 15-12002

• File #: 15-12002
• Version: 1
• Type: Business Item
• Status: Approved
• File created: 10/9/2019
• In control: City Council Business Meeting
• On agenda: 10/14/2019
• Final action: 10/14/2019
• Title: Amended and Restated Interlocal Cooperation Agreement and Memorandum of Agreement - Brooklyn Village

Date	Ver.	Action By	Action	Result
10/14/2019	1	City Council Business Meeting	Approve	Pass	Audio

Title
Amended and Restated Interlocal Cooperation Agreement and Memorandum of Agreement - Brooklyn Village
Action
Action:
Adopt a resolution authorizing the City Manager to execute:
? An amended and restated Brooklyn Village Interlocal Cooperation Agreement between the City of Charlotte and Mecklenburg County that preserves the city's leverage for the development of affordable housing in the redevelopment plans for Brooklyn Village, and
? An amended and restated Brooklyn Village Memorandum of Agreement among the City of Charlotte, Mecklenburg County, and the Charlotte Housing Authority.
Body
Staff Resource(s):
Pamela Wideman, Housing and Neighborhood Services

Explanation
* In 2007, the city conveyed Marshall Park to Mecklenburg County to facilitate redevelopment of Brooklyn Village and the inclusion of affordable housing units. In return, Mecklenburg County conveyed land to the city to facilitate development of Knights Stadium, now known as BB&T Ballpark.
* The implementation of affordable housing and the terms by which the existing Marshall Park property is included in the Brooklyn Village redevelopment plans is specified in the Interlocal Cooperation Agreement between Mecklenburg County and the City of Charlotte (Interlocal Agreement), as well as the Memorandum of Agreement (MOA) among the city, Mecklenburg County, and the Charlotte Housing Authority.
* The current Interlocal Agreement contains a reversion option to convey Marshall Park back to the city at no cost if the county fails to sell the property to a developer by December 31, 2019. The city must make the request by April 1, 2020.
* In 2018, Mecklenburg County, with the assistance, support, and knowledge of the city, entered into a Master Redevelopment Agreement with BK Partners, LLC, to serve as master developer of Brooklyn Village.
* An updated Interlocal Agreement and MOA are necessary to preserve the city's leverage for affordable housing on the Brooklyn Village site while providing sufficien...