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Developers to escrow $670K for Maybank/Southwick signal under city MOU
Summary
The committee approved an MOU for Heritage Capital to escrow about $670,000 to fund signalization on Maybank Highway at Southwick Drive; funds would instead pay for a new realigned 4‑leg signal if a second developer proceeds with a nearby realignment, subject to DOT approval.
The Traffic and Transportation Committee approved a memorandum of understanding March 24 that will allow developer funds to be escrowed and applied to signalize Maybank Highway at a reconfigured intersection if nearby development moves forward.
James Wallace, the city’s transportation project manager, explained that Heritage Capital’s traffic…
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