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