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Developer, board to talk tweaks
Taubman seeks changes to agreement
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Forsyth County News

 

Forsyth County commissioners plan to meet with representatives of a large planned south Forsyth development on Friday.

Taubman Centers Inc. signed a contract with the county in late 2008 for a regional mall, office space, hotels and residential units on 164 acres between Union Hill and McFarland roads.

Representatives of the company want to discuss amending the development agreement at the 8 a.m. meeting, County Attorney Ken Jarrard said by e-mail.

“[The] amendment would primarily implicate timing of county paying for right of way and authorize Taubman to draw down additional sewer,” Jarrard wrote.

The board will also revisit a request from Taubman, made earlier this year, to push back the latest possible opening date from December 2015 to 2020.

At a Sept. 27 work session, Jarrard told commissioners the company is seeking the amendments at this time to accommodate a multi-family developer in the process of purchasing part of Taubman’s property.

In the event the property is sold, Taubman has offered to purchase additional sewer capacity.

Commissioners agreed to hold Friday’s work session due to receipt of a letter by Taubman.

The letter also addresses a solution to the construction of and responsibility for Nancy Reagan Drive, which has been a sticking point among Taubman, Forsyth County and neighboring property owners.

“Taubman remains committed to maintaining [Nancy Reagan Drive] as a private road,” the letter states. “Unfortunately, [the drive] has become an intractable issue to the point that it is diverting both time and energy away from the larger issue of amending the development agreement.”