APEX — The town will pick up the bill for a 2,000-foot section of the Middle Creek Greenway after a developer went into foreclosure before building the project.
Under the original 2003 deal, Apex would give McCar Homes a recreation fee credit of $231,840. In return, the company would build the stretch of the greenway near the Miramonte subdivision on Straywhite Avenue near East Williams Street.
McCar Homes built 242 of 254 planned units as part of the project and then went out of business in 2009, according to Apex records.
“We were just left holding the bag,” Parks and Recreation Director John Brown said. “We’ve completely changed our ordinances since then. So this will never happen again.”
Developers now have to build park improvements after 50 percent of the building permits have been issued on any given project, Brown said.
The town plans to spend about $230,000 to build the nearly half-mile stretch of greenway. In total, the Middle Creek Greenway will be about two miles.
Apex has applied for a $166,200 grant from Wake County. The money would cover half the cost to build the rest of the greenway, Brown said.
Once the Middle Creek Greenway is complete, it will connect to Holly Springs’ Firefly Trail to the south and Lufkin Road Middle School to the north, Brown said.
Apex will recover some of the costs of the unbuilt Miramonte section through parks fees from the new developer. Orleans Homes will pay about $38,000 in parks fees.
The Apex Town Council on July 16 unanimously approved releasing the 12 remaining lots to Orleans Homes. In return, the developer “has provided cash bonds to secure the completion of various street and sidewalk repairs, final lift of asphalt, and installation of a stormwater mitigation site,” according to town records.
The Middle Creek Greenway is part of the town’s Open Space and Master Parks Plan. When Apex residents were polled earlier this year, most said they wanted more greenways and walking trails.
Apex is also working with Cary and Wake County on a $7 million project to extend the White Oak Greenway by two miles. The greenway would connect the two towns. Construction could begin in 2014 and end by 2016.