Title
Private Developer Funds for Traffic Signal Installations and Improvements
Action
Action:
A. Approve a Developer Agreement with Northwood Development LLC, Faison-Seventh Street, LLC, Mecklenburg County and Atherton Mill (E&A), LLC, and
B. Adopt a budget ordinance appropriating $425,103 in private developer funds for traffic signal installations and improvements.
Body
Staff Resource(s):
Liz Babson, Transportation
Debbie Smith, Transportation
Explanation
§ The $425,103 in private developer funding is for new traffic signals and traffic signal/upgrades and related work associated with developer projects. The funding is restricted to the projects noted below.
§ The following developers are fully funding traffic signal installations and improvements to mitigate traffic impacts around their respective development projects:
- Atherton Mills (E&A), LLC contributed $253,203 for a new traffic signal at the intersection of McDonald Avenue and South Boulevard,
- Northwood Development LLC contributed $118,400 for a new traffic signal at the Northwood Property (Brigham) and N. Community House Road,
- Mecklenburg County contributed $39,500 for traffic signal modifications at the intersection of Wilkinson Boulevard and Alleghany Street, and
- Faison-Seventh Street, LLC contributed $14,000 for traffic signal modifications at the intersection of 7th and Caswell.
§ The above signals meet the same criteria as other traffic signals approved by the City.
§ Payments made by the developers are in response to estimates of work prepared by the Charlotte Department of Transportation (CDOT) and supplied to the developer.
§ Any funding contributed by the developer for a signal project that is unused by the City will be refunded after project completion.
§ CDOT will be installing and operating these signals as part of the existing signal systems in the area.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance