Title
Approval of agreement with NC Department of Transportation and Tim's Farm and Forestry, LLC, agreement between Chatham County and Tim's Farm and Forestry, LLC for DOT contingency funding of transportation design services for the Chatham Advanced Manufacturing (CAM) Site, and an interlocal agreement with the Town of Siler City for mowing of the CAM site entrance and authorize the county attorney and county manager to negotiate and execute the agreements.
Abstract
Action Requested:
Approval of agreement with NC Department of Transportation and Tim's Farm and Forestry, LLC, agreement between Chatham County and Tim's Farm and Forestry, LLC for DOT contingency funding of transportation design services for the Chatham Advanced Manufacturing (CAM) Site, and an interlocal agreement with the Town of Siler City for mowing of the CAM site entrance and authorize the county attorney and county manager to negotiate and execute the agreements.
Introduction & Background:
NC DOT has contingency funding available through the Secretary of Transportation, Speaker of the House and President Pro Tem of the Senate. Each has agreed to allocate the 2018 funding for transportation service for CAM, a total of $750,000. Previously, the county entered into an option agreement with the developer under which the developer was required to reinvest the proceeds back into the site. DOT requires that the contingency funds flow through the county.
Discussion & Analysis:
The CAM site developer has already spent approximately $262,000 on transportation design services through a contract approved by NC DOT. These expenses are eligible for reimbursement from the contingency funds. However, the developer also used these expenses to justify investment of the option payment into the site. Therefore, we are proposing that the county allow the DOT contingency funds to reimburse the developer only if he agrees that these funds will be reinvested into the site, per the agreement. The County mus...
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