City Approves MOU with Stadium Residential for Retention Pond
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Description
The North Charleston City Council approved a Memorandum of Understanding with Stadium Residential, LLC regarding rights and obligations for wet pond improvements and subsequent maintenance on specified City properties. The agreement clarifies maintenance duties, with the developer covering all improvement costs and the City retaining functional pond maintenance. The MOU remains effective in perpetuity as it runs with the land.
Contract Details
Vendor
STADIUM RESIDENTIAL LLC
Agency
City of North Charleston city, SC
Contract Type
OTHER
Document Date
April 23, 2026
Contract Term
Perpetual as to drainage rights and City obligations; effective upon execution in 2026
Renewal Info
MOU is perpetual for drainage rights and City maintenance obligations; no explicit renewal or termination date. Runs with the land to successors and assigns.
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