The document provides an update on the Obey Creek development project in Chapel Hill, North Carolina. It discusses the project history and planning background, including existing zoning and past area plans. It describes the technical review process involving experts in areas like traffic, design, and development concepts. It outlines the involvement of town staff and councils in over 100 meetings to discuss the project. Finally, it lists the expected town benefits, including around $1 million in annual tax revenue, affordable housing units, an 80 acre public preserve, and traffic improvements.