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File #: 15-13703    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 7/2/2020 In control: City Council Business Meeting
On agenda: 7/27/2020 Final action:
Title: Appropriate Private Developer Funds
Attachments: 1. Traffic Signal Improvements Map, 2. BO Developer Appropriations 7.27.2020


Appropriate Private Developer Funds




A.                     Approve developer agreements with CUSA N.C. Holdings, L.P. and Sweetgrass Berewick, LLC for traffic signal modifications, and


B.                     Adopt a budget ordinance appropriating $184,920 in private developer funds for traffic signal installations and improvements.



Staff Resource(s):

Liz Babson, Transportation

Charles Abel, Transportation



§                     Private developer agreements and appropriations are needed when a developer is required through the city rezoning process to make traffic signal improvements.

§                     Funding contributions from private developers must be appropriated prior to the city’s initiation of work.

§                     The $184,920 in private developer funds is for road modifications, traffic signals, traffic signal modifications and/or upgrades, and other related work associated with the developers’ projects. The funding is restricted to the projects noted below:

-                     CUSA N.C. Holdings, L.P. contributed $68,770 for signal modifications at North Davidson Street and Jordan Place (Council District 1), and

-                     Sweetgrass Berewick, LLC contributed $116,150 for signal modifications at Steele Creek Road and Shopton Road (adjacent to Council District 3).

§                     These developer contributions are based on cost estimates prepared by the Charlotte Department of Transportation (CDOT).

§                     Any funding contributed by the developer(s) for a signal project that is unused by the city will be refunded back to the developer(s) 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





Budget Ordinance