COUNTY OF ALBEMARLE
Hollymead Town Center Area B; Future Construction Agreement
Hollymead Town Center Area B; Future Construction Agreement; authorize County Executive to sign Future Construction Agreement
Graham, Davis, Kamptner
LEGAL REVIEW: Yes
June 9, 2004
ACTION: X INFORMATION:
When Hollymead Town Center is more fully built out, a traffic signal may be required on Town Center Drive at its intersection with the entrance to Area B near the proposed Harris Teeter grocery store. If a traffic signal is required, VDOT has requested that an agreement be entered into that will assure that a second left turn lane from Town Center Drive (eastbound) and a second receiving lane on the Area B property be constructed. If these improvements are made, two islands within the Area B parking lot would have to be relocated to accommodate the second receiving lane. Staff has determined that these improvements are not required by the pending Area B site plan, SDP 03-081 (these improvements are identified on the site plan as “future improvements”). However, the owner of Area B is willing to construct these improvements if and when the traffic signal is required.
Strategy: 188.8.131.52: Plan for and provide infrastructure necessary to support desired level of service.
The owner of Area B proposed the attached Future Construction Agreement. This draft incorporates revisions requested by staff. The Agreement would require that the owner of Area B or its successors or assigns construct and complete the improvements identified above if and when the traffic signal is warranted. The owner also would agree that when the Area B receiving lane is constructed and the parking lot islands are relocated, adequate onsite parking will be maintained. The final language of the Agreement has not yet been agreed upon. Among the issues not resolved are the language for the timing of the improvements and the amount of liquidated damages.
Authorize the County Executive to sign the Future Construction Agreement on behalf of the County after final language acceptable to the Department of Community Development and the County Attorney is agreed upon, and the Agreement is approved as to form by the County Attorney.
Go to Attachment Agreement
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