Council approves interlocal agreement with NCDOT for Old Monroe betterments, not-to-exceed $385,000
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Summary
Council voted unanimously to enter an interlocal agreement with NCDOT to fund betterments (signal/sidewalk items) within the Old Monroe widening project; DOT cost updates raised some line items but town will be invoiced after construction and can budget payment in future years.
Council heard an update from staff on betterments tied to the Old Monroe Road widening and then voted to approve entering an interlocal agreement with the North Carolina Department of Transportation for betterments not to exceed $385,000. Staff explained that DOT updated cost estimates for metal poles and coatings and that sidewalk cost items remained essentially unchanged; the updated per‑unit examples were cited in the staff presentation.
Staff noted the town would be invoiced after construction and that payment could be scheduled in later fiscal years (staff referenced the possibility of paying in 2031 when federal/local programming would trigger invoices). Council member Richard (Speaker 6) moved to approve the interlocal agreement “as presented,” and the motion passed by unanimous voice vote.
The vote authorizes the town manager and appropriate staff to finalize the agreement following legal review and to budget the resulting invoice when it becomes due. The agreement is standard interlocal form used by the town for DOT betterments.
