A RESOLUTION APPROVING A REQUEST FOR AN EXTENSION OF THE COMPLETION DATE FOR EASTOWNE 501 OFFICE BUILDING (2005-10-10/R-5a)

WHEREAS, 501 Eastowne Associates, LLC has requested an extension of the completion time limit for Eastowne 501 Office Building; and

WHEREAS, Section 4.5.5 of the Chapel Hill Land Use Management Ordinance requires Council to make the determination that a) the permit holder submits the request within 60 days of the completion time limit; b) the permit holder has proceeded with due diligence and good faith; and c) conditions have not changed so substantially as to warrant Council reconsideration of the approved development; and

WHEREAS, a) the permit holder submitted the request within 60 days of the completion date; b) the permit holder has proceeded with due diligence and good faith; and c) conditions have not changed so substantially as to warrant Council reconsideration of the approved development;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council approves the request of 501 Eastowne Associates, LLC for the extension of the completion date of the Eastowne 501 Office Building to November 12, 2006.

This the 10^th day of October, 2005.