A RESOLUTION ESTABLISHING THE DEVELOPMENT AGREEMENT AND A TARGET DATE FOR A PROCESS FOR GUIDING DEVELOPMENT FOR CAROLINA NORTH , AND SETTING THE DATE FOR THE NEXT JOINT WORK SESSION WITH THE UNIVERSITY OF NORTH CAROLINA TRUSTEES (2008-10-15/R-1)

WHEREAS, the Council of the Town of Chapel Hill and the University of North Carolina Board of Trustees held a work session on September 25, 2008 to discuss the process for guiding development at Carolina North ; and

WHEREAS, a summary of the work of the Joint (University and Town) Staff Working Group considered the lessons of the past and recommends a development agreement with a base zone, developed over a series of months with ample opportunity for public input, as the tools for guiding development of Carolina North.

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council establish the development agreement, with a base zone, as the preferred tool for guiding development at Carolina North; and concurs with the Trustees’ request that June 2009 is a reasonable target date for having established the process for guiding development at Carolina North; and sets the next joint work session with the representatives of the University Trusts for Wednesday, October, 22, 2008.

This the 15^th day of October, 2008.