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Town agrees to cover remaining $13,555 for Little Bear Pin caution light pending budget amendment
Summary
The board agreed to approve paying $13,555.05 remaining on a DOT invoice for a caution light project at Little Bear Pin Road after the homeowners association contributed $20,500; staff will return in December with a budget amendment.
Town staff reported that the town signed an agreement with NCDOT for a caution light project at the Little Bear Pin Road entrance and submitted an estimated payment of $66,000. After project completion, NCDOT requested a final payment of $34,055.05. James Laurel, representing the Little Bear Pin homeowners association, reported the HOA collected $20,500. Staff recommended the town approve the remaining $13,555.05; the board agreed and the town manager said staff will bring a budget amendment back in December to allocate the payment and record the HOA contribution.
Ending: Board approval was given by voice; staff will process a budget amendment at the December meeting to formalize the payment and allocation.
