Title
Municipal Agreement for New Traffic Signal
Action
Action:
A. Accept private developer funds in the amount of $85,000 on behalf of the North Carolina Department of Transportation,
B. Adopt a resolution authorizing the City Manager to enter into a Municipal Agreement with the North Carolina Department of Transportation, and
C. Adopt a budget ordinance appropriating $85,000.
Body
Staff Resource(s):
Liz Babson, Transportation
Charles Abel, Transportation
Explanation
§ Private developer appropriations are needed when a developer is required through the rezoning process to make traffic signal improvements.
§ Funding contributions from private developers must be appropriated before work begins.
§ The $85,000 in private developer funds will be used exclusively for the installation of a traffic signal at the intersection of Sam Wilson Road and Performance Road, adjacent to Council District 3.
§ The location of the new signal is on State Routes; therefore, the North Carolina Department of Transportation (NCDOT) authorizes a signal installation at this location.
§ These developer contributions will help offset the costs of this signal installation incurred by NCDOT.
§ NCDOT will install and operate this signal as it is located outside the city limits.
§ NCDOT does not have the mechanism to accept private developer funds. The city assists NCDOT when outside organizations want to contribute monetarily to projects.
§ This format is consistent with the past Municipal Agreements between the city and NCDOT.
Fiscal Note
Funding: Private Developer Funds
Attachments
Attachment(s)
Map
Resolution
Budget Ordinance