TO: Mayor and Members of City Council
THRU: Kelly Strickland, Assistant City Manager
FROM: Christopher Cauley, Director of Economic and Community Development
Derrick McArthur, Economic Development Manager
DATE: September 2, 2025
RE:Title
Fayetteville State University Update on Memorandum of Understanding for Catalyst Site 1
Title
end
end
COUNCIL DISTRICT(S):
Council District(s)
District 2
b
Relationship To Strategic Plan:
Strategic Operating Plan FY 2022 - 2026
Goal II: Responsive City Government Supporting a Diverse and Viable Economy
* Objective 2.1 - To ensure a diverse City tax base.
* Objective 2.3 - To invest in community places to ensure revitalization and increase quality of life.
Goal IV: Desirable Place to Live, Work and Recreate
* Objective 4.3 - To ensure a place for people to live in great neighborhoods.
Executive Summary:
City Council is asked to receive a presentation from Fayetteville State University (FSU) on the three-year Memorandum of Understanding (MOU) for the Catalyst Site. Attached is the fourth required report per the MOU. FSU has hired a consultant to conduct a comprehensive student housing study.
Background:
On June 12, 2023, City Council authorized the City Manager to execute an MOU with FSU initiating a three-year period for FSU to develop a comprehensive project proposal for City Council's consideration. This agreement enables FSU to pursue financing and development efforts with the objective of presenting a full project proposal within the specified timeframe. As per Section A.2 of the MOU, FSU is required to provide a written update every six months detailing the progress made towards the development proposal to allow for a three-year period wherein the University would bring back a full development proposal for City Council's consideration. Over the past 24 months, FSU has hired Rieth Jones Advisors (RJA) to conduct a comprehensive student housing study. RJA has an impressive national presen...
Click here for full text