Title
Appropriate Private Developer Funds
Action
Action:
A. Approve a developer agreement with MC Multifamily Owner, LLC, and
B. Adopt a budget ordinance appropriating $75,000 in private developer funds for sidewalk improvements.
Body
Staff Resource(s):
Liz Babson, Transportation
Felix Obregon, Transportation
Explanation
§ Private developer agreements and appropriations are needed when a developer is required through the city land development permitting process to make sidewalk improvements.
§ The $75,000 in private developer funding is to construct sidewalk associated with the project noted below:
- MC Multifamily Owner, LLC contributed $75,000 for new sidewalk related to the Odell School Road widening project located in Council Districts 2 and 4.
§ This road widening project is being completed by the North Carolina Department of Transportation (NCDOT).
§ The city is anticipated to enter into a municipal agreement with NCDOT in the future to transfer this funding into the project budget.
§ These developer contributions are based on cost estimates prepared by NCDOT and the Charlotte Department of Transportation (CDOT).
§ CDOT will maintain this sidewalk as part of the city’s pedestrian and bicycle network.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance