Title
Appropriate Private Developer Funds for the North Tryon and 36th Street Streetscape Project
Action
Action:
Adopt a budget ordinance appropriating $25,000 in private developer funds from Grubb Properties for the North Tryon and 36th Street Streetscape Project to the General Capital Projects Fund.
Body
Staff Resource(s):
Phil Reiger, General Services
Jennifer Smith, General Services
Tom Russell, General Services
Explanation
§ This action appropriates $25,000 in private developer contributions for sidewalk improvements for the North Tryon and 36th Street Streetscape Project and other related work associated with the developer’s projects (Council District 1).
§ These improvements are required by the city’s zoning requirements; the private developer is providing funds to the city for the city to make these improvements on behalf of the developer.
§ These funds must be appropriated prior to the city’s initiation of work.
§ North Carolina General Statute 160A-309 authorizes the city to contract with a developer or property owner for public improvements that are adjacent or ancillary to a private land development project when the city determines that coordination of separately constructed public improvements would be impracticable.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance