City of Gallatin Council Committee Meeting Agenda April 28 2026
Developer funds Banks at Lock 4 road improvements
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Description
Gallatin appropriated $197,765.95 received from Forestar Group Inc. under a development agreement to fund right-of-way activities for a new roundabout at Hancock Street and Lock 4 Road serving The Banks at Lock 4 project. The funds cover appraisal, acquisition, closing, and related right-of-way costs for the offsite improvements.
Contract Details
Contract Amount
$197,765.95
Vendor
FORESTAR GROUP INC
Agency
City of Gallatin, TN
Contract Type
CONSTRUCTION
Document Date
April 28, 2026
Renewal Info
Developer funding is tied to the Banks at Lock 4 development agreement, which requires the roundabout to be completed before the 102nd certificate of occupancy; no renewals are specified.
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