union_county_land_use_board_meeting_agenda_january.pdf
$500K Developer Contribution Required for Road Upgrades
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Description
The Union County Land Use Board recommended approval of a condition in the Kolter Group Acquisitions, LLC rezoning application, requiring a $500,000 developer contribution for road improvements related to a large new age-restricted development. The payment is a required mitigation tied to the platting of the 400th home, earmarked for use at the Mill Grove Rd/Lawyers Road roundabout or other local intersections.
Contract Details
Contract Amount
$500,000 contribution for future road improvements
Vendor
KOLTER GROUP ACQUISITIONS LLC
Agency
Union County, NC
Contract Type
CONSTRUCTION
Document Date
January 28, 2025
Contract Term
Prior to the platting of the 400th home or upon completion of 400 homes
Renewal Info
No recurring renewal; one-time contribution tied to development milestone.
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