Town Approves 25-Year Development Pact with Harbor Development Corp.
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Description
The Town of St. James entered into a 25-year development agreement with Harbor Development Corp. for the coordinated development of approximately 142 acres, contingent on property annexation and setting forth obligations for land transfers, zoning, and infrastructure improvements.
Contract Details
Vendor
HARBOR DEVELOPMENT CORP
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 may be extended through additional terms or subsequent development agreements as allowed by law. No auto-renewal specified; extension possible by mutual agreement under North Carolina laws.
More from HARBOR DEVELOPMENT CORP
More from Town of St. James
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
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
Town of St. James Development Agreement with Harbor Development Corp. et al. 2026
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