Title
Resolution Authorizing Agreement in the Amount of $550,400.00 Between the City of Greensboro and Duke Energy Carolinas for the W. Market Street and Guilford College Road Intersection Improvement Project
Body
Department: Engineering & Inspections
Council District: 5
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Adam Fischer 373-4628
Contact 2 and Phone: Kenney McDowell 373-2302
PURPOSE:
City Council approval is requested for an agreement with Duke Energy Carolinas for the adjustments to the Duke Energy Carolinas utilities along W. Market Street and Guilford College Road Intersection.
BACKGROUND:
The W. Market Street and Guilford College Road Intersection is a project within the North Carolina Department of Transportation (NCDOT) right-of-way (ROW). NCDOT is required to compensate Duke Energy Carolinas within the public ROW for the costs to adjust their facilities. The City of Greensboro is also required to provide the same compensation within that public ROW.
One primary purpose of the streetscape project is to reduce the overhead clutter of utilities and modernize the intersection.
BUDGET IMPACT:
Funding in the amount of $550,400.00 is available in Street and Sidewalk Capital Project Fund account 401-4547-01.6014 A16102.
This is a Federal Funded contract/project and is subject to 80% reimbursement by the FHWA.
RECOMMENDATION / ACTION REQUESTED:
It is recommended by the Departments of Engineering & Inspections and Transportation that City Council authorize the utility adjustment agreement for Duke Energy Carolinas in the amount of $550,400.00.