Title
Municipal Agreement for the Rea Road Widening Project from I-485 Outer Loop to Williams Pond Lane
Action
Action:
A. Adopt a resolution authorizing the City Manager to negotiate and execute a Municipal Agreement with the North Carolina Department of Transportation to accept I-485 Express Lane Bonus Allocation funds in the amount of $6,673,940 for the Rea Road Widening project from I-485 Outer Loop to Williams Pond Lane, and
B. Adopt a budget ordinance appropriating $6,673,940 from the North Carolina Department of Transportation to the General Capital Projects Fund.
Staff Resource(s):
Debbie Smith, Transportation
Johanna Quinn, Transportation
Explanation
* The State of North Carolina provides Bonus Allocation funds for projects in counties that implement high-occupancy managed lane projects. Bonus Allocation funding is intended to mitigate congestion.
* These funds are allocated directly to Metropolitan Planning Organizations (MPO). The local MPO, the Charlotte Regional Transportation Planning Organization, selects projects based on a competitive process.
* This project will widen and increase capacity along Rea Road from I-485 Outer Loop Ramp to Williams Pond Lane in Council District 7 by:
- Adding additional through traffic lanes on 0.47 miles of Rea Road by reducing the center grass median, and
- Adding additional left and right turn lanes at Piper Station and at Ballantyne Commons Parkway to increase turning capacity, and
- Upgrading accessible ramps and pedestrian traffic signals to current standards.
* The total budget for the Rea Road Widening project from I-485 Outer Loop to Williams Pond Lane is $13,973,940 and includes:
- $6,673,940 in I-485 Express Lane Bonus Allocation funds from the North Carolina Department of Transportation (NCDOT), and
- $7,300,000 in local funds from the 2022 Transportation Bonds.
* Rea Road is state maintained. The state will continue to maintain the improvements constructed under this project.
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