Chancellor James Moeser opened the meeting in Wilson Library and addressed implications of the Master Plan, a model for long-term growth approved Thursday by the Board of Trustees.
Council members expressed concern that the relationship between UNC and town officials might become strained because town officials and local residents wanted to delay University action on the plan.
But Moeser reported cordial interaction between the town and campus leaders.
"This is a plan which, in my view, greatly benefits the community as well as the University," he said.
"I think most people realize that a dynamic university must be allowed to grow."
Faculty Chairwoman Sue Estroff further expressed anticipation of the upcoming growth as a result of the plan's ratification.
"We are experiencing what seem to be growing pains and pleasures," Estroff said.
The council also used the meeting to discuss several other issues affecting the University.
Moeser thanked faculty members for their work in obtaining research grants, citing a recent increase in research money the University has been awarded from the National Institutes of Health.