Title
Decline Right of First Refusal - Portion of Garinger High School
Action
ACTION:
Decline the County's statutory right of first refusal to a portion of Tax Parcel 093-042-51 (+/- 7.0 acres), owned by the Charlotte-Mecklenburg Board of Education (CMBE), to permit CMBE to enter into a long-term ground lease of a portion of the property for the future Educator Community housing development project
Staff Contact: Jacqueline McNeil, Real Estate Management Director
Presentation: No
BACKGROUND/JUSTIFICATION:
As part of CMBE's efforts at teacher recruitment and retention, the district has undertaken several initiatives to address housing affordability in the Charlotte-Mecklenburg area. One of the district's programs includes construction of a multi-family apartment complex on the campus of Garinger High School (+/- 7.0 acres of PID 093-042-51) located at the intersection of E. Sugar Creek Road and Eastway Drive. CMS intends to enter into a contract with a non-profit developer partner to design, construct, and manage the future complex. The apartment complex is planned to consist of between 100 - 138 studio, one, two, and three bedroom rental units for CMS educators. The District anticipates starting construction Summer 2027 with a targeted completion date of Spring 2029.
North Carolina General Statute (NCGS) 115C-518(a) requires local school boards of education to give local boards of county commissioners the first opportunity to acquire any school owned real estate that is proposed for disposal. To comply with this statute, CMS must offer the above school district property to the County prior to entering into a ground lease with another party. The County's Asset and Facility Management Department has determined that the County does not have a need for the subject property. By declining its statutory right, CMS will negotiate and execute a long-term ground lease (tentatively estimated to be up to 75 years including renewal periods) with a non-profit multi-family developer.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A