TO: Mayor and Members of City Council
THRU: Kelly Olivera, Assistant City Manager
FROM: Christopher Cauley, Director of Economic and Community Development
DATE: January 22, 2024
RE:
Title
Catalyst Site 1 Memorandum of Understanding with Fayetteville State University - Six Month Update
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:
Fayetteville State University (FSU) has submitted their required six-month update on the three-year Memorandum of Understanding (MOU) for the Catalyst Site. City Council is asked to receive the attached.
Background:
City Council has taken numerous actions since 2008 to acquire, clean up, and redevelop the Catalyst Site 1 - an approximately 15 acre site at the intersection of Bragg Boulevard, Murchison Road, and Rowan Street. City Economic and Community Development (ECD) staff published a Request for Projects on City Owned Land (RFP). The RFP was developed based on other actions by local governments within the State and was posted in May of 2022. ECD actively marketed this RFP to over two dozen developers and posted on numerous planning, community development, and economic development sites. The RFP required a two-step process where potential partners submit a Statement of Interest and Qualifications. After vetting by Staff and City Council, a partner is expected to develop a full development proposal including site plans, elevation designs, and a financing plan for City Council's consideration.
FSU responded to the RFP and proposed to build housing ...
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