Long-Term Development Agreement Secured by D.R. Development Corp.
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Description
D.R. Development Corporation secured a 25-year contract with the Town of St. James, enabling partnership in a long-term development project involving land transfers, infrastructure construction, and phased project delivery.
Contract Details
Vendor
D.R. DEVELOPMENT CORPORATION
Agency
Town of St. James, NC
Contract Type
OTHER
Document Date
February 21, 2026
Contract Term
25 years from date of execution, with possible additional terms/extensions
Renewal Date
2051-02-21
Renewal Info
Agreement is for 25 years, with subsequent extensions possible by mutual agreement as allowed by law.
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