town_council_meeting_agenda_august_2_2023.pdf
Rutherfordton Approves Cowan Lofts Development Agreement with BCY LLC
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Description
The Rutherfordton Town Council approved a 5-year development agreement with BCY, LLC for the Cowan Lofts Phase 1 project, including reimbursement of up to $18,500 for sewer line relocation and up to $10,000 for sidewalk construction. This agreement supports new multi-family housing with supporting public infrastructure.
Contract Details
Contract Amount
Up to $18,500 (sewer relocation) and up to $10,000 (sidewalk construction)
Vendor
BCY LLC
Agency
Town of Rutherfordton, NC
Contract Type
CONSTRUCTION
Document Date
August 2, 2023
Contract Term
5 years from effective date (to be set in 2023)
Renewal Date
2028-08-02
Renewal Info
Amendment and extension allowed by mutual written consent per agreement. Five-year initial term.
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