Title
Resolution to Amend Resolution No. 273-13 Authorizing the Use and Appropriation of up to $165,165.00 to Reimburse Windsor Development Group, LLC for the Design and Construction of Public Water and Sewer Infrastructure Improvements to Facilitate the Industrial Development of Sites Located at 3818 Burlington Road
Body
Department: Executive
Council District: 1
Public Hearing: July 19, 2016
Advertising Date/By: July 7, 2016
Contact 1 and Phone: Jim Westmoreland, City Manager - City of Greensboro- 373-2002
Contact 2 and Phone: Kathi Dubel, Manager -Economic Development & Business Support - 373-4579
PURPOSE:
The City of Greensboro has been requested to amend an economic development reimbursable grant in the amount of up to $165,165.00 to Windsor Development Group, LLC for the reimbursement of public water and sewer infrastructure improvements in Wendover Industrial Center, located at 3818 Burlington Road. The grant is for the purpose of creating jobs and bringing new industrial development opportunities to east Greensboro.
BACKGROUND:
Windsor Development Group, LLC serves as the developer/agent for the investment group that acquired/developed Wendover Industrial Center, a 44 acre master planned site at 3818 Burlington Road in the City of Greensboro.
In order to drive this development forward in east Greensboro, public participation is necessary to assist in bringing public water and sewer improvements into the area. Total estimated cost of providing these the public water & sewer infrastructure improvements is $165,165.00 to extend water and sewer to service Lots 1 - 5.
The project is projected to immediately enable an industrial client to relocate and expand their operations and improve access and availability for additional shovel ready sites for future development. Windsor Development Group, LLC and the investor group are planning a private drive extension to access additional lots. Projected users for the remaining lots include manufactu...
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