Item Coversheet
Brunswick County Board of Commissioners
ACTION AGENDA ITEM
March 19, 2018

Action Item # V. - 19.

From:
Kirstie Dixon, Director

Planning - Fee Deferral Agreement: Coastal Commons Senior Living Community Affordable Housing Development

Issue/Action Requested:

Request that the Board of Commissioners adopt a resolution approving a fee deferral agreement related to the payment of County water and sewer fees to support the tax credit application for Coastal Commons Senior Living Community Affordable Housing Development.

Background/Purpose of Request:

Ms. Holly Smith, representative for Coastal Commons Senior Living Community Affordable Housing Development, submitted the attached request for a fee deferral agreement in support of her tax credit application for the Coastal Commons Senior Living Community Affordable Housing Development.  

 

The proposed Coastal Commons Senior Living Community is located off Beach Road SW (NC 179), identified as Tax Parcel 24400010 and adjacent to the proposed Duck Pond Estates.  The proposed project is an affordable housing development consisting of sixty 1 and 2 bedroom apartments.  Attached is additional information, including water and sewer fees calculation worksheets, site diagram and vicinity map. 

 

Ms. Smith proposes the following terms for the requested agreement:

 

  1. Agreement Amount:  $150,000 to pay the estimated Water and Sewer Impact Fees.
  2. Interest & Term:  2.0% over 20 years.
Fiscal Impact:
Reviewed By Director of Fiscal Operations
Approved By County Attorney:
Yes
County Manager's Recommendation:
Recommend that the Board of Commissioners adopt a resolution approving a fee deferral agreement related to the payment of County water and sewer fees to support the tax credit application for Coastal Commons Senior Living Community Affordable Housing Development.
ATTACHMENTS:
Description
Coastal Commons Request
Resolution