Title
Midtown/Pearl Park Way Redevelopment Project - Infrastructure Reimbursement Agreement
Action
Action:
Authorize the City Manager to negotiate and approve a developer agreement with Pappas Midtown, LLC for infrastructure improvements at the Kenilworth Avenue and Pearl Park Way intersection in the amount of $570,000.
Body
Staff Resource(s):
Liz Babson, Transportation
Johanna Quinn, Transportation
Felix Obregon, Transportation
Explanation
§ Pappas Midtown, LLC is redeveloping a piece of property at the intersection of Kenilworth Avenue and Pearl Park Way and partnering with the city to improve the pedestrian and bicycle infrastructure at this intersection.
§ The work will create enhanced crossings for pedestrians and cyclists between Pearl Street Park and Little Sugar Creek Greenway located in Council District 1.
§ Improvements include enhanced pavement markings for pedestrians and bicyclists, traffic signals for pedestrians and bicyclists, and a physical barrier separating pedestrians and bicycles from vehicles.
§ The agreement will provide the city’s reimbursement to Pappas Midtown, LLC.
Charlotte Business INClusion
All additional work involved on this contract amendment will be performed by Pappas Midtown, LLC and their existing subcontractors. (Part G: Section 2.6 of the Charlotte Business INClusion Policy)
Pappas Midtown, LLC has committed 7.00% (MBE) and 19.00% (SBE) of the total contract to MSBE certified firms.
Fiscal Note
Funding: General Capital Investment Plan
Attachments
Attachment(s)
Map