Title
Appropriate Private Developer Funds
Action
Action:
Adopt a budget ordinance appropriating $76,937.28 in private developer funds from Polymers Center of Excellence, Inc. for the I-85 North Bridge project to the General Capital Projects Fund.
Body
Staff Resource(s):
Phil Reiger, General Services
Jennifer Smith, General Services
Keith Bryant, General Services
Explanation
§ These improvements are required by the city’s zoning requirements. Private developer appropriations are needed when a developer is providing funds to the city for the city to make improvements.
§ The $76,937.28 in private developer contributions will be used for roadway improvements on Research Drive and Louis Rose Place with the I-85 North Bridge project, located in Council District 4.
§ These funds must be appropriated prior to the city’s initiation of construction.
Fiscal Note
Funding: Private Developer Contributions
Attachments
Attachment(s)
Map
Budget Ordinance