Title
Private Developer Funds for Traffic Signal Improvements
Action
Action:
Adopt a budget ordinance appropriating $21,200 in private developer funds for traffic signal improvements and related work.
Body
Staff Resource(s):
Liz Babson, Transportation
Debbie Smith, Transportation
Explanation
§ Private developer funding is for traffic signals, upgrades, and related work associated with developer projects.
§ Central Piedmont Community College (CPCC) contributed $16,200 to fund traffic signal modifications to mitigate traffic impacts on Hebron Street at the CPCC Campus.
§ Lennar Carolinas, LLC contributed $5,000 to fund traffic signal modifications at the intersection of S. Tryon and Choate Circle.
§ 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 system in the area.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance