AGENDA DATE: 4/15/2020
TITLE: Authorization to Execute an Economic Development Agreement for a Public-Private Partnership (PPP) with Albemarle Business Campus
SUBJECT/PROPOSAL/REQUEST: Staff is seeking the Board's authorization to move forward with a development agreement for ZMA201900003 - Albemarle Business Campus
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Walker, Kamptner, DeLoria, Johnson, Newberry
PRESENTER (S): Doug Walker, Roger Johnson, J. T. Newberry
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: In 2018, the developer obtained preliminary subdivision plat approval and initial site plan approval to construct single-family detached and single-family attached units within the project area under existing R-2 and R-10 zoning. Although these approvals remain valid, the developer applied in April 2019 to rezone the property to Planned Unit Development (PUD) in order to achieve a greater density and include some non-residential components under a layout called Royal Fern (ZMA201900003).
The Planning Commission recommended denial of Royal Fern on October 8, 2019, primarily based on objections to the requested PUD zoning. Shortly thereafter, at its meeting on November 20, 2019, the Board of Supervisors approved the developer's request to refer the application back to the Planning Commission to allow for the consideration of revised plans.
The developer met with the Economic Development Office on January 17, 2020 to discuss revised plans. On February 18, 2020, the applicant held a work session with the Planning Commission to discuss a revised layout of ZMA201900003, which had been renamed to Albemarle Business Campus.
STRATEGIC PLAN: Economic Prosperity: Foster an environment that stimulates capital investments, builds the planned vision and increases tax revenue to support community goals.
DISCUSSION: The revision of ZMA201900003 from Royal Fern to Albemarle Business Campus changed a primarily residential...
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