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APPROVED MINUTES OF THE SPECIAL MEETING OFTHE REDEVELOPMENT COMMISSION OF GREENSBORO

LAKE TOWNSEND ROOMKITCHEN OPERATIONS CENTER

APRIL 26, 2011

The Redevelopment Commission of Greensboro met in a special session at the Kitchen OperationsCenter Lake Townsend Room at 2602 South Elm-Eugene Street in Greensboro, North Carolina, onTuesday, April 26, 2011 at 9:35 a.m. Commissioners present were: Chair Cassandra Rogers, DawnChaney, Clinton Gravely, and Robert Enochs. Staff included Dyan Arkin, Andy Scott, and ChancerMcLaughlin. Also present was Jim Blackwood, Esq., attorney for the Commission.

Chair Rogers welcomed those in attendance.

Members of the South Elm Street Redevelopment team introduced themselves to the Commission.Representatives present included Judy Seigel; Landex Corporation; CC Lambert and Evon Smith,Sustainable Community Solutions; Wendy Hopkins and Wayne Deal, Weaver Cooke Construction;and Eric Knutson, architect.

WORK SESSION ON DEVELOPMENT PROPOSALS FOR THE SOUTH ELM STREETREDEVELOPMENT PROJECT

South Elm Street Redevelopment Partners Presentation:

Ms. Siegel reviewed the background and qualifications of the South Elm Street RedevelopmentPartners and explained their shared vision for the South Elm Street project. An overview of numerousprojects was given that included work on developments in Winston-Salem, North Carolina; Brownfieldsites; Willow Oaks; the Civil Rights Museum; American Tobacco in Durham, North Carolina; andsustainable developments such as the Proximity Hotel.

South Elm Street Redevelopment Partners indicated that they would like to develop a project that is adynamic, walkable, pedestrian friendly, mixed-income, mixed-use community with potential for retail,a grocery, and a pharmacy. Although they have developed a specific set of concepts, they see thedevelopment of a vision for the area as a process based on feedback from the Commission andresidents of the community.

Mr. Knutson gave an overview of one of their concepts for phased development as follows:

Phase I:1. Create an outdoor public area to anchor South Elm Street.2. Split South Elm Street into two 1-way paths to be more pedestrian friendly.3. Extend new road that connects to Arlington Street to create better linkage with the Ole

Asheboro neighborhood.4. Create a highly visible destination retail base on Lee Street that draws from the region.5. Build two-story loft apartments with garage on a townhouse scale.

Phase II:1. Move across South Elm Street and create similar retail and parking fronting on Lee

Street.2. Create a housing development that incorporates institutional uses such as arts,

university office space, research, or educational space.

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Phase III:1. Move south with more retail shops on ground floor and office space above.

Phase IV:1. Retail shops on ground floor with senior housing above.2. A Wellness Center would be available for use by visitors, residents, and neighbors.3. Townhouses that are higher density on the north and lower density on the south.

4. In the future, the site to the south could include streetscapes with more housing,groceries, and restaurants. The Group envisions the project not only occurring in thetwo-block area, but expanding toward the south as the project grows.

Over the four-phase development, between $70 and $90 million dollars will be invested.

In response to a question from Mr. Gravely, Ms. Smith stated that the first step to implement thephased development is to identify and bring together the stakeholders. While community participationis being brought together, the Master Plan process would begin and funding structure would beidentified.

Mr. Gravely asked about the level of financial commitment expected from the City. Ms. Smith

responded that as they begin working together, there will be discussions on the role the City can play.She said that South Elm Street Redevelopment Partners has the ability to advance capital to beginthe process. Mr. Lambert stated that a non-profit foundation out of Raleigh, North Carolina hascommitted to subsidize the process for the Master Plan.

ADJOURN:

There being no further business before the Commission the meeting was adjourned at 11:03 a.m.

Respectfully submitted,

Sue Schwartz,Acting Director, Planning and Community Development

SS/sm:jd