Title
Appropriate Private Developer Funds for Traffic Signal Installations and Improvements
Action
Action:
A. Approve developer agreements with Centene Management Company, LLC; WIN-Graham, LLC; BIN-CLP, LLC; and Central Piedmont Community College for traffic signal modifications,
B. Adopt a budget ordinance appropriating $113,875 in private developer funds for traffic signal installations and improvements, and
C. Adopt a budget ordinance appropriating $38,231 in supplemental developer funds for traffic signal installations and improvements on projects currently under construction.
Body
Staff Resource(s):
Liz Babson, Transportation
Charles Abel, Transportation
Explanation
* 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 $113,875 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:
* Centene Management Company, LLC contributed $55,000 for signal modifications at Governor Hunt Road and Mallard Creek Road, Mallard Creek Road and Medical Plaza Drive, David Taylor Drive and Claude Freemen Drive, Governor Hunt Road and David Taylor Drive, David Taylor Drive and Site Access D, David Taylor Drive and Senator Royall Place, and Corvian Community School Flasher (Council Districts 2 and 4).
* WIN-Graham, LLC contributed $31,625 for signal modifications at Graham Street and Interstate 85 North Bound Ramp and Interstate 85 South Bound Ramp (Council District 1).
* BIN-CLP, LLC contributed $10,000 for signal modifications at Westinghouse Boulevard and Nations Ford Road (Council District 3).
* Central Piedmont Community College contributed $17,250 for signal modifi...
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