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File #: 15-15464    Version: 1 Name:
Type: Business Item Status: Agenda Ready
File created: 3/21/2021 In control: City Council Business Meeting
On agenda: 4/12/2021 Final action:
Title: e Appropriate Private Developer Funds
Attachments: 1. Traffic Signal Improvements map, 2. Private Developer Funds 4.12.21

Titlee

Appropriate Private Developer Funds

 

Action    

Action:

Adopt a budget ordinance appropriating $44,506.35 in private developer funds for traffic signal installations and improvements to the General Capital Projects Fund.

 

Body

Staff Resource(s):

Liz Babson, Transportation

Charles Abel, Transportation

 

Explanation

§                     Private developer 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 $44,506.35 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:

-                     Northwood Development, LLC contributed $32,500 for signal modifications at Johnston Road and Brixham Hill Avenue (Council District 7), and

-                     On February 13, 2017, City Council appropriated $141,582 from GSLH Charlotte Realty Holdings, LLC for a new signal and push button pedestrian signals at the intersection of Church Street and West Hill Street (Council District 2). GSLH Charlotte Realty Holdings, LLC has contributed $12,006.35 in supplemental developer funds for an additional signal.

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

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

 

Attachments

Attachment(s)   

Map

Budget Ordinance