D. R. Development Corp. Enters 25-Year Land Development Agreement
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Description
D. R. Development Corporation signed onto a 25-year agreement with St. James for collaborative development, including land conveyances and zoning stability.
Contract Details
Vendor
D R DEVELOPMENT CORPORATION
Agency
Town of St. James, NC
Contract Type
OTHER
Document Date
February 21, 2026
Contract Term
Twenty-five (25) years from the date of execution (February 21, 2026 – February 21, 2051)
Renewal Date
2051-02-21
Renewal Info
Term is extendable by further agreement(s) between parties in compliance with North Carolina law. No recurring renewal terms specified; extensions require mutual agreement.
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