St. James Signs Long-Term Development Pact with Canal Associates LLC
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Description
The Town of St. James entered a 25-year development agreement with Canal Associates, LLC, covering planning, property transfers, and staged infrastructure for a large mixed-use project including annexation procedures.
Contract Details
Vendor
CANAL ASSOCIATES LLC
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
Initial term is for 25 years with option for extension by further agreement per law.
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Town of St. James Development Agreement with Harbor Development Corp. et al. 2026
Town of St. James Development Agreement with Harbor Development Corp. et al. 2026
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