|Volume 3, Issue 5||May, 2008|
The Real Estate Report
Local Government News Impacting the Real Estate Industry
Orange County Commissioner At-Large
Orange County Commissioner District 2
Orange County Board of Elections
Chapel Hill and University Partner in New Homeless Shelter Site
Buckhorn Village Project Given June 3 Deadline
Durham Tech-Orange County Campus Set to Open
School System Requests Budget Increase
Chapel Hill-Carrboro City Schools recommended to its board a $6.8 million increase next year which could be funded in part by increasing the county’s per-pupil spending, adding 2.62 cents per $100 valuation to the county tax rate. An increase in budget funds would go mostly toward expected state increases in teacher pay and benefits and a change in the state’s requirements for the number of exceptional children’s program positions. The Orange County Board of Commissioners is scheduled to adopt its budget in June. For the full story, click here.
Two New School Sites Selected
The Chapel Hill-Carrboro School District’s next elementary school could be located in a historically black neighborhood. Two sites are being examined; one in the Northside neighborhood on the border between Chapel Hill and Carrboro, the other is in the Rogers Road neighborhood off of Purefoy Road. Both pieces of property are owned by Orange County and the elementary school is slated to open in August of 2011. For the full story, click here.
Chatham Hires New School Superintendant
Orange County Comprehensive Plan Public Hearing
Nearly Six Cent Property Tax Increase Proposed for Chapel Hill
Carrboro Looking at Tax Hike
Chapel Hill Hires Public Arts Administrator
Orange County Hires New Economic Development Director
OWASA Gives Drought Update, Reservoirs at 81 Percent
UNC-Chapel Hill Names Thorp Next Chancellor
Orange County Housing Program Struggling
Dowling and Tucker asked the council to give developers more options for affordable housing, such as allowing a mixture of required units and payment-in-lieu of affordable housing, while the market study is being conducted. Dowling said flexibility would help manage the number of units added to OCHLT’s program while giving the town time to see the market in action as units from developments like East 54 continue to sell. Council members seemed split on the proposal and voted to accept it as a petition to be considered at a later date.
KB Home Rated Top Green Builder
Chatham County to Receive Aid Following Plant’s Closing
Durham Impact Fees Approved
Durham Athletic Park to Undergo Renovations
Cary Developers to See Raised Impact Fees
Progress Energy Rolls Out Conservation Plan
Governor Easley Releases Budget, Calls for Sin Taxes
The Real Estate Report is produced by the Chapel Hill Chamber of Commerce and the Greater Chapel Hill Association of Realtors.