To

Mayor and Council

Subject

Victory Drive - Memorandum of Understanding, Development Agreement

Initiator

David Arrington, Deputy City Manager

Recommendation

Approval is requested to enter into a Memorandum of Understanding in \n \n partnership with Bright Meyers for transportation improvements to be \n \n constructed on Victory Drive

Approval

Pending

Background

The City and the Development Authority marketed property on Victory Drive to

recruit retail business to the area. During negotiations for development of

the property it was determined certain transportation improvements were needed

on Victory Drive to improve access to the property and make the property viable

for retail businesses. The City agreed to make certain improvements to include

installation of a turn lane and installation of a traffic signal. All

improvements must be approved by the Georgia Department of Transportation prior

to being implemented.

Analysis

The developer acquiring the property on Victory Drive for development has

submitted site development and building plan to develop the City property. The

developer anticipates having all permits approved and construction to begin

within the next 60-90 days. The development is scheduled to be completed by

December 2015. The developer's contractor will be making improvements on the

City/State right-of-way. It will be advantageous for the City to contract with

the developer to have the transportation improvements committed by the City be

performed by the developer's on-site contractor. The use of the developer's

contractor will eliminate the need for the City pay a separate mobilization and

staging cost to a second contractor. The City will utilize our own signal

contractor to install traffic signalization. The work involved will be limited

to demolition of the existing median and installation of a turn lane for both

east and west traffic and other minor improvements. The total project cost to

include traffic signals is estimated at $250,000.

Financial Considerations

Staff proposed in the FY 15 Budget process the utilization of TSPLOST

Discretionary Funds for this project

Projected Annual Fiscal Impact Statement

The City will incur minimal maintenance cost associated with maintaining the

new traffic signal.

Legal Considerations

Council must approve the execution of the agreement by resolution

Recommendations/ Actions

Authorize the City Manager to enter into a Memorandum of Understanding in

partnership with Bright Meyers for transportation improvements to be

constructed on Victory Drive

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