The Board of Aldermen delayed a discussion and possible vote on the Lloyd Farm mixed-use development to Nov. 1 as the hour approached midnight Tuesday.
Alderman Damon Seils recommended waiting until a town consultant completes an independent traffic and mitigation review.
The board is being asked to rezone two of the four Lloyd Farm parcels to a conditional business zoning, which would allow buildings up to 65 feet on most of the land. The rezoning has to be approved before the aldermen can consider the project.
Argus Development Group wants to build a retail, office and residential project on 40 acres – one of the last large, undeveloped parcels – beside the Carrboro Post Office and across from Carrboro Plaza shopping center.
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A 60,300-square-foot Harris Teeter grocery store could anchor the 120,400-square-foot project, with over 500 parking spaces. Plans include 220 senior-living apartments and duplexes limited to residents age 55 and older.
The developer has offered to make a one-time payment of $743,057 in lieu of taxes, because the project does not include affordable housing units. However, development representative Ellis Coleman suggested the duplexes could be dedicated to affordable senior housing.
The projected tax value of the Lloyd Farm development is roughly $63 million, staff said, for a total county, town and school property tax bill of just over $1 million. Annual sales tax revenues are expected to be nearly $1.3 million.
Roughly 4.7 acres near James and Carol streets could be dedicated for a town park, and green space could be set aside at Old Fayetteville Road and N.C. 54.
The town has listed 17 conditions for the project, including limited hours for deliveries, landscaping, and recycling and trash pickup. Three new conditions save space for a multi-use path along N.C. 54; require full engineer drawings with an application; and dedicate future James Street and Lisa Drive access points.
Many of the 15 residents who spoke said flooding and traffic are still concerns.
The town has known about flooding from Tom’s Creek for years but keeps approving projects that make it worse, Laura Linnan said.
“I want to be clear that we are not against development per se, but until the underlying flooding problem and the stormwater management issues are fixed, I am merely asking that the town does the responsible thing and does not rezone,” she said.
He and his son already deal with dangerous traffic, Gregg Rosenthal said.
“We ride our bikes and walk to (McDougle) school every morning and we walk home every day, and we are consistently run off the road, sped around, honked at, people blow the stop signs – all over the place in that neighborhood – and it is extremely dangerous for all the children that are now coming into the neighborhood,” Rosenthal said.
The North Carolina Department of Transportation has approved a left turn lane from eastbound N.C. 54 but denied a roundabout on Old Fayetteville Road, leaving traffic with an unsignalized exit. Left turns on that road are difficult now, neighbors said; drivers might decide to turn right instead and use Carol Street.
The developer agreed to pay $15,000 for a traffic-calming study. Full stormwater plans are expected later.
Richard Ellington and Chris Hogan asked the aldermen to vote soon. The town should accept responsibility for the flooding, Ellington said; Hogan noted higher taxes or new development will pay to fix aging infrastructure.
“I think you’re doing your constituents that voted for you a disservice, as well as the landowner a disservice, by taking such a lengthy period of time to make a decision,” Hogan told the board.