Title
Approving a resolution for a cost share agreement with Northtown Phase 1, LLC for the installation of a traffic signal at the intersection of Wells Branch Parkway and 10th Street.
Summary
The proposed cost share agreement with Northtown Ph. 1, LLC was identified in the Traffic Impact Analysis (TIA) that was approved through the development review process for Basis Charter School, located at the northeast corner of Wells Branch Parkway and 10th Street. The TIA identified improvements that were needed to the overall transportation system in this area for the school, which included the installation of a traffic signal at Wells Branch Parkway and 10th Street, as well as associated pedestrian components, pavement markings, and signal timing upgrades. The TIA also approved the pro-rata contribution that was necessary from the developer for those improvements, which was $251,800. With the improvements being necessary for the school, the Northtown development constructed the improvements identified in the TIA, which cost a total of $575,812, leaving $324,012 for the City's contribution to the project. These improvements were completed in June 2023.
A Traffic Impact Analysis (TIA) was conducted by Alliance Transportation Group (ATG) on November 4, 2020, identifying the need for a traffic signal at this intersection due to projected increases in traffic from the Northtown Phase 1 development - Basis Charter School.
This project supports the City’s Infrastructure pillar, promoting safe and efficient traffic management to accommodate future growth in the area.
Prior City Council Action
N/A
Deadline for City Council Action
Action is requested on October 22, 2024
Funding Expected: Revenue __ Expenditure _X_ N/A __
Budgeted Item: Yes _X_ No __ N/A __
Amount: _$324,012.00_______
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A __ Required _X_ Date Completed: _September 18, 2024__
Supporting documents attached:
Resolution and Developer Agreement
Recommended Action
Approving a resolution approving a cost share agreement with Northtown Phase 1, LLC. for the development of Northtown Phase 1, including off-site improvements and authorizing the City Manager to execute the same.