DATE: January 18, 2018
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Paul Holzen, City Engineer/Director of Engineering
Jonathan Marston, Assistant Director of Engineering
SUBJECT:
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Discussion Concerning A DRAFT Road Impact Fee Offset Agreement (COF Contract No. 2017-0120) With Westhaven Partners, LLC For Intersection Improvements At SR-96W And Westhaven Boulevard/Old Charlotte Pike (Continued from 01/23/18 Work Session)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning a draft Road Impact Fee Offset Agreement with Westhaven Partners, LLC for Intersection Improvements at SR-96W at Westhaven Boulevard/Old Charlotte Pike.
Background
As part of the Westhaven Development, the City has required the developer to make improvements to the intersection of SR-96W and Westhaven Boulevard/Old Charlotte Pike. These improvements are identified in the City's Compressive Transportation Network Plan (e.g. Multimodal Major Thoroughfare Plan) and would qualify for arterial and collector road impact fee offset. The project includes the installation of a new traffic signal and an additional left turn lane on Westhaven Boulevard. Below is a summary of options.
Option 1 - Remove the median on Westhaven Blvd to install a left turn lane.
Option 2 - Keep the median on Westhaven Blvd. and realign Old Charlotte Pike to include a 4-foot minimum shoulder and dedicated left turn lanes.
Option 3 - Keep the median on Westhave Blvd. and realign Old Charlotte Pike to include curb and gutter per city standards and dedicated left turn lanes.
Financial Impact
The project will be paid out of both Arterial and Collector Impact Fees generated by the development. Below is a summary of the cost:
Option 1 - $400,000
Option 2 - $780,000
Option 3 - $1,130,000
Recommendation
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Staff recommends either option 1 or 3. Westhaven ...
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