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Interlocal Agreement - NC 84 and Potter Intersection Improvement
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INFORMATION CONTACT:
Bjorn E. Hansen, Planning Department, Senior Planner - Long Range Planning, 704-283-3690
ACTION REQUESTED:
Authorize the County Manager to 1) negotiate and execute an agreement substantially consistent with this agenda item, 2) exercise any renewal or extension term options set forth in the Agreement, and 3) terminate the agreement if deemed in the best interest of the County, each in the County Manager's discretion.
PRIOR BOARD ACTIONS:
October 21, 2024, Regular Meeting, Agenda Item # 24-701 - Approved contribution of $413,000 to the project
BACKGROUND:
The NCDOT approached Wesley Chapel and Union County in mid-2024 to explore their willingness to contribute local funds as part of a project submittal to the Charlotte Regional Transportation Planning Organization (CRTPO). This partnership was requested after the NCDOT determined the previously funded roundabout design would not accommodate projected traffic volumes. Both Union County and Wesley Chapel agreed to commit $413,000 in October 2024 and the project was funded by CRTPO. This interlocal agreement documents Union County’s fiscal commitment, with payment due during the construction phase of the project. The NCDOT is responsible for all costs that exceed the total estimated cost.
FINANCIAL IMPACT:
$413,000 from Critical Intersection Capital Fund, likely not expected until FY28 or later.