Title
Resolution Supporting Statewide Contingency Funds for the North Carolina Department of Transportation
Action
Action:
Adopt a resolution supporting grants totaling $1,500,000 in Statewide Contingency Funds to the North Carolina Department of Transportation for highway improvements to accommodate new industry development.
Body
Staff Resource(s):
Danny Pleasant, Transportation
Explanation
§ Resolutions of support from the local governments are routinely requested for the North Carolina Department of Transportation to receive contingency funds.
§ Through the adoption of this resolution, the City is indicating its support for the North Carolina Department of Transportation to receive $1,500,000 in Statewide Contingency Funds over the next two fiscal years.
§ Corning Optical Communications is relocating its headquarters to Charlotte, North Carolina and plans to employ 650 people over the next five years.
§ This development requires highway improvements estimated to cost $10,000,000 at I-485, Brookshire Boulevard (Highway 16), and Mount Holly-Huntersville Road.
§ The State of North Carolina has Statewide Contingency Funds available for transportation projects supporting economic development.
§ The funds will be used exclusively for completing the preliminary design and construction of the road improvements to facilitate the relocation of Corning Optical Communication’s headquarters.
§ Corning Optical Communications and the developer, Simpson Commercial, will be responsible for the remaining cost of the project.
§ The Comprehensive Transportation Plan adopted by the Charlotte Regional Transportation Planning Organization (CRTPO) classifies Brookshire Boulevard, Mt Holly-Huntersville Road, and the I-485/Brookshire interchange as “needs improvement.”
Attachments
Attachment(s)
Map
Resolution