city-of-southport-staff-report-for-waterway-community-rezoning_ed1.pdf
Southport Approves 20-Year Waterway Community Development Pact
Trusted by teams at
Description
The City of Southport approved a development agreement with Waterway of Southport, LLC for the creation of the Waterway Master Planned Community. The agreement secures project entitlements, outlines responsibilities on annexation, zoning, infrastructure, and requires open space and environmental mitigation for up to 1,449 residential units and 110,000 square feet of non-residential development. It is effective for 20 years with an automatic 20-year renewal.
Contract Details
Vendor
WATERWAY OF SOUTHPORT LLC
Agency
City of Southport, NC
Contract Type
OTHER
Document Date
May 15, 2025
Contract Term
20 years from date of recordation, with automatic renewal for an additional 20 years unless notice of nonrenewal is given
Renewal Date
2045-06-30
Renewal Info
Automatically renews for 20 years at expiration unless either party gives notice of nonrenewal. May be amended by mutual consent; minor administrative amendments can be approved by the City's Zoning Administrator. Renewal and major amendment processes subject to the same approval procedures as initial agreement. Agreement sunsets for each area upon completion and annexation or certificate of occupancy.
More from City of Southport
City of Southport Zoning Board of Adjustment Agenda Packet 2026-05-26
City of Southport Board of Aldermen Meeting Agenda May 2026
City of Southport Board of Aldermen Meeting Agenda May 2026
City of Southport Zoning Board of Adjustment Meeting Agenda March 2026
City of Southport Planning Board Regular Meeting Agenda March 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.