City of Charlotte Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 15-14528    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 10/27/2020 In control: City Council Business Meeting
On agenda: 12/14/2020 Final action:
Title: Appropriate Private Developer Funds for the Walker Branch Connection Project
Attachments: 1. Rivergate Pkwy Bridge Location Map, 2. Budget Ordinance

Title

Appropriate Private Developer Funds for the Walker Branch Connection Project

 

Action

Action:

Adopt a budget ordinance appropriating $150,000 in private developer funds for the Walker Branch Connection Project.

 

Body

Staff Resource(s):

Liz Babson, Transportation

Johanna Quinn, Transportation

Felix Obregon, Transportation

 

Explanation

§                     This appropriation of private developer funds is for the Walker Branch Connection Project, which will include the design and construction of a bridge to connect the proposed Rivergate Parkway to the existing Rivergate Parkway located in Council District 3.

§                     The connection project is in coordination with development plans outlined in previously approved rezonings.

-                     On October 18, 2004, City Council approved a rezoning petition (2004-064) by Childress Klein Properties, Inc. that included a condition of a developer contribution of $150,000 for the Walker Branch Connection Project.

-                     Since the 2004 rezoning petition approval, Steele Creek Rivergate Apartments, LLC has acquired the development.

§                     The city will use the funds contributed by Childress Klein Properties, Inc. to reimburse Steele Creek Rivergate Apartments, LLC for this project.

§                     The project will implement the city’s goal of improving road networks, traffic mitigations, and sidewalk connectivity.

§                     Staff will continue to work with the developer to enter into an agreement for the bridge construction which will be presented to City Council by the second quarter of 2021.

§                     Construction is estimated to begin in mid-2021. 

 

Fiscal Note

Funding:  Private Developer Contributions

 

Attachments

Attachment(s)

Map

Budget Ordinance