Title
Private Developer Funds for Traffic Signal Improvements
Action
Action:
Adopt a budget ordinance appropriating $159,000 in private developer funds for traffic signal improvements and related work.
Body
Staff Resource(s):
Danny Pleasant, Transportation
Scott Putnam, Transportation
Explanation
§ The $159,000 in private developer funding is for traffic signals, 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:
- Marvin Road Office, LLC contributed $18,500 for traffic signal modifications at the intersection of Marvin Road and Ardrey Kell Road.
- Rodgers Builders and Carolinas Healthcare System contributed $11,000 for traffic signal modifications at the intersection of Kenilworth Avenue and Harding Place.
- Charlotte-Mecklenburg Board of Education contributed $1,000 for traffic signal modifications at 6800 Monroe Road and East Mecklenburg High School.
- Meritage Homes of the Carolinas, Inc. contributed $85,000 for a new traffic signal at the intersection of Providence Road and Candlewyck Lane.
- DC Charlotte Plaza, LLLP contributed $43,500 for traffic signal modifications at the intersection of South Tryon Street and West Park Avenue.
§ 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 developers.
§ Any funding contributed by developers for signal projects that is unused by the City will be refunded after project completion.
§ CDOT will install and operate these signals as part of the existing signal systems in the area.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance