Governance & Oversight in the Proposed 50-Year Agreement
01
Duration & Term Structure
Defines the length of the agreement, renewal provisions, and the time horizon over which obligations apply. Extended duration increases the importance of clearly defined oversight and governance mechanisms at the time of approval.
02
Amendment & Modification Procedures
Specifies how and under what conditions the agreement may be amended. Clearly defined amendment pathways help preserve municipal flexibility and regulatory authority over time.
03
Enforcement Authority
Outlines municipal inspection rights, compliance standards, and available enforcement remedies in the event of non-performance or default.
04
Performance & Infrastructure Triggers
Identifies development milestones, service thresholds, and timing requirements tied to infrastructure delivery and service expansion.
05
Fiscal Allocation Structure
Defines responsibility for capital infrastructure, long-term maintenance, and cost allocation across the duration of the agreement.
06
Preservation of Municipal Authority
Clarifies the extent to which future councils retain regulatory authority and discretionary oversight within statutory limits.
Document Review
The materials below reflect the agreement and related filings as submitted to the Town.
These documents provide the basis for evaluating the structural components outlined above.
Annexation Application — Part 1 (Filed)
Source: Filed with Town of Holly Ridge (Public Record)
Proposed 50-Year Development Agreement
Overview
This section provides access to publicly filed materials associated with the proposed 50-Year Development Agreement and related annexation filings.
Long-term agreements shape infrastructure planning, municipal oversight, and fiscal structure across multiple future councils. The documents below are presented as filed to support independent review of duration, enforcement provisions, and long-term obligations.