CONSTRUCTIONRECOMMENDED

Town of Rolesville Town Board Meeting April 7, 2026

Rolesville Plans Fowler Road Extension Cost-Sharing Pact

$554,469.00 (design plus right-of-way cost); Right-of-way cost $496,944.00; Design cost $57,525.00; Road construction estimate $7,610,546.40Town of RolesvilleMERRITT LV1 OWNER LLCApril 7, 2026

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Description

The Town of Rolesville is preparing a Roadway Reimbursement Agreement with Merritt LV1 Owner, LLC to secure right-of-way and future construction for the Fowler Road Extension. The agreement contemplates reimbursement via transportation fee credits for an estimated $554,469.00 in design and ROW costs tied to a larger $7.6 million two-lane road construction estimate. The Town Board is asked to adopt a supporting resolution as part of the April 7, 2026 consent agenda.

Contract Details

Contract Amount

$554,469.00 (design plus right-of-way cost); Right-of-way cost $496,944.00; Design cost $57,525.00; Road construction estimate $7,610,546.40

Vendor

MERRITT LV1 OWNER LLC

Agency

Town of Rolesville, NC

Contract Type

CONSTRUCTION

Document Date

April 7, 2026

Renewal Info

One-time roadway reimbursement agreement associated with the Merritt Property development; reimbursements to be made via transportation fee credits rather than direct cash payments. No renewals or extensions are indicated.