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Board approves $250,000 fee‑in‑lieu for Villages at Cramerton Mills Phase 1F
Summary
The Town of Cramerton Board approved a revised traffic mitigation agreement allowing the Villages at Cramerton Mills Phase 1F developer to pay a $250,000 fee in lieu of building redundant traffic improvements; staff said NCDOT and other phases will address traffic at nearby intersections.
The Town of Cramerton Board of Commissioners on Feb. 3 approved a revised traffic mitigation agreement that lets the developer of Villages at Cramerton Mills (VCM) Phase 1F pay $250,000 instead of constructing traffic improvements tied to that phase.
Town planning staff said the change is requested because NCDOT work and improvements included in other VCM phases make the Phase 1F improvements redundant; staff…
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