Charlotte Invites Developers to Brainstorming Session this Friday on Expedited Plan Plat Review Program

Crown-Logo-Green

The City of Charlotte is seeking developer input into the design of its Enhanced Plan Review and the Expedited Plat Review Programs, and has scheduled a Brainstorming session this Friday morning at the Government Center.

City Council recently approved an Enhanced Plan Review Program for Subdivisions, Urbans and an Expedited Program for Plats.  For Subdivision and Urban submittals, the fee would be an additional $30,000 on top of all of the pertinent fees for the project.    For Plats, the fee would be an additional $1,000 on top of all of the pertinent fees for the project.   At this session, City staff is looking for developer input into these questions:

  • For Subdivisions and Urbans, if you were to pay the additional $30,000, what would the Enhanced Review program look like?  (time, which agencies would review, etc)
  • For Plats, if you were to pay the additional $1,000, what would the Expedited Plat Review program look like?

When:  Friday, August 24, 2018
Where: Charlotte Mecklenburg Government Center
            600 E. 4 Street
            Charlotte, NC
            8th Floor – Planning’s Innovation Station
Time:  9:00 am to 10:00 am

The City will validate your parking if you park in the garage at E. 4th and Davidson. 

PLEASE EMAIL YOUR RSVP TO NAN PETERSON AT: npeterson@charlottenc.gov.

Matthews to Vote Monday on Small Area Plan Zoning Overlay Districts

The Matthews Town Board next Monday night will vote on a proposal to create a new Zoning Overlay District (SAP-O) that would make the land use and development policies in three Small Area Plans enforceable on all new development, regardless of whether or not a rezoning is involved.

REBIC is opposed to the proposal, as are a group of property owners who share our concerns about the restrictions the Overlay would place on their property. The Overlay would impact all parcels in three Small Area Plans adopted by the Town between 2014 and 2017:

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City Planners Release New Draft of TOD Ordinance

TOD Mtg

The Charlotte Planning Department has released an updated draft of its new Transit-Oriented Development (TOD) ordinance, after hearing concerns from REBIC and other industry groups that the initial proposal was too restrictive. The new draft is still not complete — city planners are still working on additional sections that will be released with later drafts.

The four new proposed TOD districts have been renamed TOD-H1 (High Intensity), TOD-H2 (High Intensity – Transition), TOD-M1 (Moderate Intensity), and TOD-M2 (Moderate Intensity – Transition). Each district is described in greater detail beginning on Page 2 of the draft.

Planners will set up an online Comments form in the next few days where you will be able to provide your feedback on this draft. We’ll add this link to our Blog as soon as it becomes available.

The City is also hosting an information meeting on Transit-Oriented Development next Tuesday, August 14th at 6 p.m.  at the CLT Powerhouse, 1507 Camden Road. This is intended only to provide a general overview of TOD, but will be valuable for developers interested in learning about this land use type.

REBIC members and staff are in the process of reviewing the new draft, which will be discussed later this month at the City’s Ordinance Advisory Committee meeting.

You can learn more about the development of the TOD ordinance on the City’s website.

McHenry Speaks in Belmont on Opportunity Zone Program

McHenryEarlier this week, Congressman Patrick McHenry (R-Lincoln), spoke to a group of elected officials and Montcross Chamber board members in Belmont about the newly enacted Opportunity Zone program, which was expanded in the 2017 Republican Tax Cuts and Jobs Act.

In May, North Carolina’s 252 Opportunity Zones were designated by the State approved by the US Treasury. The new program is intended to attract development to low-income areas by re-investing unrealized capital gains into designated communities. These communities were selected through a combined approach of comparing census tracks with areas with a poverty rate of 20% or higher, or a median household income that is less than 80% of the surrounding area.

To qualify for the program, an investor must self-certify as a Qualified Opportunity Fund – click here for more information. Investments made by Opportunity Funds will receive temporary tax deferral for reinvested capital gains, step-up in basis for capital gains reinvested in an Opportunity Fund, and permanent exclusion from taxable income of long-term capital gains.

The program is still awaiting final implementation processes from the Treasury Department and IRS, but ability to apply for certification as a Qualified Opportunity Fund and therefore utilize this program is expected in late 2018 or early 2019. For more information about North Carolina’s Opportunity Zones click here.

Charlotte Planning Department Launches Comprehensive Reorganization

The Charlotte Planning Department is undergoing a comprehensive reorganization, in an effort to streamline the development approval process and reduce the number of conflicts that arise between final rezoning and site plan review.

The initiative is moving forward even as Charlotte’s Unified Development Ordinance takes a step back, to allow staff to begin work on a Comprehensive Plan to guide the City’s growth over the next two decades.

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Extension of National Flood Insurance Program Signed into Law

img_0100Just hours before coverage was set to lapse for thousands of homeowners, the Senate approved a bill Tuesday to keep the National Flood Insurance Program operating for four more months.  President Donald Trump is expected to sign the bill—which cleared the House last week—into law before midnight Tuesday, when the program expires.

“We applaud lawmakers for taking this needed action to prevent disruptions to closings in thousands of communities across the country,” Elizabeth Mendenhall, president of the National Association of REALTORS®, said in a statement. “Although the program is now extended through Nov. 30, the NFIP is in desperate need of reforms that will make the program solvent and sustainable for the long-term. The National Association of REALTORS® will continue fighting for these reforms.”

The NFIP provides critical flood insurance to homeowners in more than 22,000 communities nationwide, but Congress has wrestled for years with proposals to reform the program, which remains on shaky financial footing.

In Memoriam: Marc Houle

Marc Houle

Longtime REBIC member Marc Houle passed away suddenly over the weekend at the age of 55.

The vice president of local engineering firm Yarbrough-Williams & Houle, Inc., Marc had more than 20 years of residential and commercial engineering experience, and advocated tireless for the real estate industry through a number of critical roles. He served on Mecklenburg County’s first Building Development Commission, its PCCO Mitigation Fee Advisory Group, the CMUD Developer Liaison Committee and many other stakeholder groups.

Marc’s service to the community was recognized by his peers with the presentation of the Charlotte HBA’s Distinguished Service Award in 1999.  Considered one of the finest engineers in the business, Marc was responsible for helping design/engineer countless subdivisions and commercial projects across the Charlotte region.

A memorial service will be held on Friday, August 3rd, from 1 – 2 p.m. at St. Matthew Catholic Church, 8015 Ballantyne Commons Pkwy. Visitation will be held on Thursday, August 2nd, from 6 – 8 p.m. at McEwen Funeral Service – Pineville Chapel, 10500 Park Rd.

Our prayers and sympathies are with the Houle family during this difficult time.