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Village approves developer-funded cost share for Arbonne-Broadmere traffic signal; budget target set at $1 million
Summary
Trustees approved a development agreement assigning Sagewind (developer) to design and build a traffic signal at Arbonne Drive and Broadmere/West Brown Deer Road with a 50/50 cost-share and a $1,000,000 project budget goal; adjoining property owners will be asked to reimburse portions via plats or special assessments.
Trustees approved a development agreement authorizing the village to use the developer to design and build a traffic signal at the intersection of Arbonne Drive and Broadmere (West Brown Deer Road), establishing a 50/50 cost-share arrangement and a project budget target of $1,000,000.
Nate (staff) described the agreement as a memorandum of the parties’ intent: the village will receive the DOT permit, Sagewind (the developer) will carry out design and construction, and the document sets a $500,000 village/developer cost…
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