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Stamford planning board approves capital project closeouts and accepts $125,000 developer payment for traffic signals
Summary
The Stamford planning board closed multiple capital projects, authorized fund swaps between bond and grant accounts to match eligibility, and accepted a $125,000 private contribution tied to a development at 1130 Broad Street for traffic-signal improvements.
The Stamford planning board at a special Dec. 22 meeting approved a series of capital project closeouts and account reallocations and voted to accept a $125,000 payment from a developer to fund traffic-signal improvements.
The presiding member read three related items under Stamford City Code section 8.2: closeout recommendations for capital projects CP711 (utility paving) and C612 (street patch/resurfacing) and requests to substitute funding sources so eligible projects use Local Capital Improvement Program (LCIP) grant funds while ineligible projects use bond funds. The presiding member read the closeout amounts (about $1,220,801.59 and…
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