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Council authorizes grant application and sets April hearing for Delco IV downtown project

Newton City Council · March 1, 2026

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Summary

The council authorized the city manager to apply for up to $850,000 in North Carolina Rural Downtown Economic Development Grant funds to support parking and streetscape improvements connected to a proposed Delco IV mixed-use project, and set an April 1, 2025 public hearing on the Economic Development Agreement.

City Manager Sean Hovis told council the city plans to consider an Economic Development Agreement with Delco IV, LLC at its April 1 meeting for a mixed-use West A Street project that would include a restaurant and residential units. The agreement anticipates city responsibility for parking-area improvements, on-street parking upgrades, sidewalks, lighting and landscaping.

Hovis asked council to authorize the city manager to apply for the North Carolina Rural Downtown Economic Development Grant up to the programmaximum award of $850,000, subject to the required 5% city match. Council unanimously authorized the application and set a public hearing for April 1, 2025 to consider entering into an Economic Development Agreement with Delco IV, LLC.

The city will return to council on April 1 for the public hearing and further consideration of the agreement if grant award and project terms align with council direction.