City of Fayetteville
File #: 24-4146    Version: 2 Name: Resolution Authorizing the City Manager to Negotiate and Acquire Real Property Known as 144 Airport Road for the Airport Corridor Project
Type: Consent Status: Agenda Ready
File created: 7/29/2024 In control: City Council Regular Meeting
On agenda: 8/12/2024 Final action:
Title: Resolution Authorizing the City Manager to Negotiate and Acquire Real Property Known as 144 Airport Road for the Airport Corridor Project
Attachments: 1. 144 Airport Road Map, 2. Resolution to Purchase 144 Airport
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: Mayor and Members of City Council

THRU: Lachelle H. Pulliam, City Attorney

FROM: Kecia N. Parker, NCCP, Real Estate Manager

DATE: August 12, 2024

RE:
Title
Resolution Authorizing the City Manager to Negotiate and Acquire Real Property Known as 144 Airport Road for the Airport Corridor Project
end

COUNCIL DISTRICT(S):
Council District(s)
N/A


b
Relationship To Strategic Plan:
Desirable Place to Live, Work and Recreate and Airport Goals to Develop the Airport Corridor and Physical Development/Redevelopment


Executive Summary:
The Fayetteville Cumberland County Economic Development Corporation (FCEDC) worked with the Fayetteville Regional Airport (FAY) to design a series of economic development initiatives in conjunction with the Airport's Master Plan. The property at 144 Airport Road was in this study and is now for sale. Airport identifies the property as a desirable area to be redeveloped to better serve the Airport Corridor.


Background:
At the December 7, 2020 City Council Work Session the Airport and FCEDC briefed City Council on the Airport Business Corridor Strategy. One goal of this strategy was to create premier airport sites attracting new investment. Staff accomplished this goal by securing a Golden Leaf Grant in the amount of $965,830 to upgrade the PWC lift station that will ultimately provide the needed capacity to support development of airport properties along Airport Road and eventually along Doc Bennett Road. Another goal was to develop the airport corridor, therefore, FCEDC met with City and County planning officials to discuss development opportunities, land use, and zoning along Airport Road and State Highway 301. Due to its high visibility and dramatically varying land uses, it was recommended to acquire the existing properties along this route with the goal of redevelopment. The property at 144 Airport Road was one of the recommended parcels to acquire.



Issues/Analysis:
The due diligence period for the ac...

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