Title
Appropriate Private Developer Funds for the Brown-Grier Road Widening Project
Action
Action:
Adopt a budget ordinance appropriating $915,000 in private developer funds from Pringle Square, LLC for the Brown-Grier Road Widening project to the General Capital Projects Fund.
Body
Staff Resource(s):
Phil Reiger, General Services
Jennifer Smith, General Services
Veronica Wallace, General Services
Explanation
§ This action appropriates $915,000 in private developer contributions for roadway improvements for the Brown-Grier Road widening project, located in Council District 3.
§ These improvements are required by the City’s zoning requirements. The private developer is providing funds to the City for the City to make these improvements on behalf of the developer.
§ These funds must be appropriated prior to the City’s initiation of construction.
§ NC General Statute Section 160A-309 authorizes the City to contract with a developer or property owner for public improvements that are adjacent or ancillary to a private land development project when the City determines that coordination of separately constructed public improvements would be impracticable.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance