Title
Private Developer Funds for Traffic Signal Modification
Action
Action:
Adopt a budget ordinance appropriating $69,582 in private developer funds for traffic signal modification from the Steele Creek (1997), LLC.
Body
Staff Resource(s):
Scott Putnam, Transportation
Explanation
§ The Steele Creek (1997), LLC is funding the addition of a fourth leg with steel pole and mast arm at the traffic signal to accommodate the development project located at the intersection of Steele Croft/Walker Branch Road and Steele Creek Road.
§ The cost for the addition of the fourth leg to the traffic signal and related work associated with the developer’s project is $69,582, with funding restricted to this project.
§ Payments made by the developer are in response to estimates of work prepared by the Charlotte Department of Transportation (CDOT) and supplied to the developer.
§ The signal meets the same criteria as other traffic signals approved by the City.
§ Any funding contributed by developers for signal projects that is unused by the City will be refunded after project completion.
§ CDOT will be installing and operating the signal as part of the existing signal systems in the area.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment
Map
Budget Ordinance