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File #: 15-13824    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 7/16/2020 In control: City Council Business Meeting
On agenda: 8/10/2020 Final action:
Title: Appropriate Private Developer Funds
Attachments: 1. Traffic Signal Improvements Map, 2. BO Developer Appropriations 8.10.2020


Appropriate Private Developer Funds




A.                     Approve a developer agreement with LIDL US, LLC, and


B.                     Adopt a budget ordinance appropriating $10,000 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 $10,000 in private developer funds is for road modifications, traffic signals, traffic signal modifications and/or upgrades, and other related work associated with the developer’s project. The funding is restricted to the project noted below:

-                     LIDL US, LLC contributed $10,000 for signal modifications at South Boulevard and Greystone Road (Council Districts 1 and 3).

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

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