Council approves amended Keckter/Main/Harmony reimbursement agreement including $1.5M developer contribution
Council approved an amended and restated reimbursement agreement that adds Harmony Road and Whitesell Street interim and ultimate improvements; staff said the developer will provide about $1.5 million toward an ultimate improvement expected in December 2035, and the town will budget its contribution in the CIP.
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The council approved an amended and restated road improvement and reimbursement agreement covering Keckter Road, Main Street and associated bridge and signal work. Public works staff said the amended agreement retains the framework of the original 2024 agreement but adds interim and ultimate Harmony Road and Whitesell Street improvements identified in a traffic-impact study. The interim work will be completed by the developer with town reimbursement; an ultimate developer contribution of about $1,500,000 is anticipated in December 2035 when the traffic impact occurs. Staff said the town will budget its anticipated contribution in upcoming CIP cycles.
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