Pineville  WORK SESSION MINUTES MONDAY, AUGUST 26, 2024 @ 6:00 PM TOWN HALL COUNCIL CHAMBERS  The Town Council of the Town of Pineville, NC, meti in al Work Session on Monday, August 26, 2024 @6:00p.m.  ATTENDANCE Mayor: David Phillps Mayor Pro-Tem: Ed Samaha Town Manager: Ryan Spitzer Town Clerk: Lisa Snyder Finance Director: Chris Tucker Planning Director: Travis Morgan CALLTOORDER  Council Members: Amelia Stinson-Wesley, Chris McDonough, Danielle Moore  Mayor David Phillips called the meeting to order at 6:00p.m.  DISCUSSION ITEMS:  Davenport Presentation, Debt Issuance for Fire Department and Fund Balance Policies for General Fund. Finance Director, Chris Tucker, introduced Mitch Brigulio, Davenport Public Finance, and shared that there areno major changes for the General Fund. Mr. Brigulio outlined decision points and action items that will be needed this Fall. He added that the sale of potential land is critical and will help offset the debt. He advised Council to consider the areas of reserve policies and debticontingent liabilities policies. He would like to establish two prongs in our General Fund Balance policy: at target of 32% unassigned fund balance, and a minimum of the general fund balance of 24%. Our existing debt to assessed ratio is at 0.47%. The Town may want to consider establishing a maximum He noted that our debt service VS expenditures ratioi is at 11%, whichi is below policyl limitations. He compared Capital Funding Requirements, Revenue available for Debt Service, and cash flow surplus, and advised that affordability does exist. Land sale revenues may impact the plan, as well. Capital projects included in the plan are the Fire Department, new radio equipment for the PD, and the Park project in FY28. He compared two scenarios and added thatp property tax values could affect future taxi rates. Council willl have tos select whichi tool they will use whenf financing the new Fire Department. Mr. Brigulio suggested working with the LGC (Local Government Commission) in which he outlined thel Financing Schedule which requires a public hearing and includes an audit to be completed by  debt to assessed value ratio.  October 31st.  Review of letter to Highline Partners. Town Manager Spitzer reviewed the project on College and Main Streets. A new company is looking at developing the mixed-use development at this location. The developer requested al letter from the Town stating what the scope oft the project is and what is allowed. The developer, Mark Miller with Highline  Council Work. Session of August 26, 2024  Page 1    Partners, is proposing seventy-five units with two parking spaces per unit. They willl have tol build at fence. He was not aware of the 1,200 sq. ft. requirement for Building 2. He discussed the requirements with the former developer, Stephen Rosenburgh. Mr. Miller currently has 5,200 sq. ft. in his plans, which includes ground floors facing Church Street. Council Member Stinson-Wesley requested that anything coming from Norfolk Southern be in writing. Mayor Phillips expressed his concern that Norfolk Southern will provide areas toy park, buti it has not been in writing. He is also concerned about possible oversight on the overnight parking in this area for the people living in these townhomes, downtown merchants and the people who come to the downtown businesses who use the parking. Mr. Miller said that hei is al local developer, he has met with council and has their numbers, and if they are in violation it Mayor Phillps discussed additional concerns for this property and is investigating how it was processed. Attorney Suzanne Todd was present and said that the Resolution that was done did give the manager the authority to make agreements andi further the project and its seemed like ai normal transaction. Council Member McDonough asked ifa an attorney had reviewed the process. Town Manager Spitzer replied that they had and that he will send council the Discussion of Resolution and MOU for the Penny Sales Tax Legislation. Town Manager Spitzer and Attorney Canaan Huie, of Moore and VanAllen Law Firm, reviewed the proposed Resolution and MOU for the Penny Sales Tax Legislation. This resolution and MOU authorizes the county to hold a referendum. It also sets up separate authority apart from the MTC and City of Charlotte. The Authority will consist of twenty-seven members and will have control and manage the assets and funding. Funding will be disbursed 40%1 for roads, 40% to rail, and 20% tol buses. The projects include roads, Red Line, Blue Line, Gold Line, Silver Line West and Silver Line East. Under the agreement, Pineville will receive approximately $1.72M1 for twenty years forr roadi infrastructure. Town Manager Spitzer got the County to agree to an MOUwith the City and the Town to fund the gapi and allow ust to gett thei full penny, until the Blue Line extension in complete. The next steps are the local approvals, State and a referendum planned for Dorman Road Townhome Rezoning. Planning Director Morgan went over the proposed rezoning and said that the plan is site plan specific conditional rezoning. Itis located on the west side of Dorman Road and the proposal is to rezone the Melinda Earnheart property from R-441 to RMX(CD) to allow for seventy-five townhomes along the Dorman Road frontage. The property does! have challenging topography and powerlines running throughi it. The development falls below the unit count required for a Town traffic study but will still require an NCDOT driveway permit. Ther rollout trash service noted does not! have a clear storage location and appears tonoti fiti int the garage with two cars. A parking space from the garage would be removed reducing the parking county by 75 spaces if the rollouts are stored in the Cone Mill PSA. Town Manager Spitzer reviewed the first draft of the PSA with Beachmont Real Estate Holdings, LLC (ka Gvest). There have been no changes to the plans. Thep plan includes ar mix oft townhomes and 50,000sq. ft. ofc commercial. They willl be required to apply for brownfields again due to the addition of townhomes. The timeframe isa approximately three years for completion. The Buyer must schedule a public hearing and obtain approval from Location of Hawk Signal on Main Street. Town Manager Spitzer reminded council that the Hawk signal will be purchased with the remaining ARPA funds to aid pedestrians getting across the road. He met with the NCDOT recently and they recommend placing thes signal near the speed limits sign outside ofTown! Hall on Main Street. Council Member Stinson-Wesley asked how long it will be before it is set up and Mr. Spitzer replied that it won't take long  will be their responsibility tot fix that problem.  attorney's opinion which was done two months ago.  Mecklenburg County's ballot in 2025.  garage.  Town Council for the project.  once the documents are signed.  Council Work. Session of August 26, 2024  Page 2    Council Member Stinson-Wesley moved to adjourn ther meeting followed by as second made by Mayor Pro Tem  Samaha. All ayes. The Mayor adjourned the meeting at 8:50 pm.  David Phillps, Maydc  ATTEST:  Cphule Lisa Snyder, Town Clérk  Council Work Session ofAugust 26, 2024  Page 3