Title:
Brooklyn Village -- Interlocal Agreements -- (presentation 10 minutes)
Summary
ACTION:
Adopt the resolution entitled: RESOLUTION approving the fOURTH amendment to THE BROOKLYN VILLAGE/KNIGHTS BASEBALL STADIUM INTERLOCAL COOPERATION AGREEMENT BETWEEN THE COUNTYAND THE CITY, AND AUTHORIZING NEW INTERLOCAL AGREEMENTS AMONG THE COUNTY, THE CITY, THE BOARD OF EDUCATION, AND THE HOUSING AUTHORITY
Staff Contact: Mark Hahn, Director of BSSA-Asset and Facility Management
Presentation: Yes
BACKGROUND/JUSTIFICATION:
The County obtained Marshall Park from the City of Charlotte pursuant to the May 14, 2007 Brooklyn Village / Knights Baseball Stadium Interlocal Cooperation Agreement ("Interlocal Agreement") between Mecklenburg County and the City of Charlotte, which required that part of that land be developed for affordable housing. To implement that part of the Interlocal Agreement, the parties executed and recorded the Brooklyn Village Affordable Housing Agreement and Declaration of Restrictive Covenants ("Declaration of Restrictive Covenants").
The May 14, 2007 Interlocal Agreement, as amended on December 1, 2007, provided that if the County did not sell the Brooklyn Village parcels that were to be subdivided from Marshall Park and the adjacent Board of Education property by December 1, 2012, the City could within 60 days following that date, require that the County convey the Marshall Park property back to the City. The Declaration of Restrictive Covenants, as written, is not effective except for a sale prior to December 1, 2012.
On November 20, 2012, by approval of Agenda Item 12-0686, the Board of Commissioners approved a Second Amendment to the Agreement to Sell Property to Spectrum Investment Services, Inc. extending the original deadline to purchase the parcels from December 1, 2012 until June 1, 2013.
On January 16, 2013, by approval of Agenda Item 13-0812, the Board of Commissioners approved a Second Amendment to the Interlocal Agreement to ref...
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