Meeker said 162 acres in Creedmoor will be protected. The property is north of Raleigh and straddles tributaries that lead into Falls Lake.
The plan is an initiative between a developer and the City of Raleigh to turn what was planned to be a large development into a smaller one with more green space.
It'll cost $2.3 million. North Carolina's Clean Water Trust Fund and property owners are picking up much of the price tag along with Raleigh and Creedmoor.
Meeker said it's worth it.
"It helps Falls Lake and in some ways helps the developer because it'll be a smaller thing with all the natural area around it. So, it'll be nice for the developer as well as a great thing for Falls Lake," he offered.
The announcement comes as new water quality rules for Falls Lake have been approved by the state. They go into effect January 15.