To: The Honorable Mayor and Board of Commissioners From: Jackie Huffman / Max Buchanan / Greg Ferguson Subject: Lake Norman Charter Intersections Capital Project Ordinance
The Town received $200,000 from Lake Norman Charter School as a result of the interlocal agreement provisions when the Town Board approved the school's expansion. That $200,000 is the first expected payment from the school to assist with intersection improvements required by the Traffic Impact Analysis. This amendment funds the first of three expected phases for the intersection improvements ( 1 - design; 2 - ROW procurement; 3 - construction). All costs associated with the engineering contract for the project are funded with the payment already received from the school. Once plans are in place, future Board action is expected to fund future phases.
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