Town of Rolesville Awards Construction Contract to Merritt Lv1 Owner Llc (August 2026)

The Town of Rolesville is executing a Roadway Reimbursement Developer Agreement with Merritt LV1 Owner, LLC for the Fowler Road extension right-of-way tied to the Merritt Reserve Community. The agreement reimburses an estimated $496,944 in right-of-way costs via transportation fee credits, with a maximum available credit of $596,332.80 to cover potential overruns and support future thoroughfare construction.

Scope & details

The full contract record, as filed.

Contract amount

Estimated cost of ROW $496,944; Maximum Available Credit $596,332.80

Contract type

CONSTRUCTION

Renewal

Single acquisition and reimbursement agreement with no stated renewal; credits are capped at $596,332.80 to cover estimated ROW costs plus 20%.

Document type

AgendaPacket

Source document

Town of Rolesville Agenda Packet 2026-08-18

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Town of Rolesville?

Merritt Lv1 Owner Llc was awarded this construction contract by Town of Rolesville, as recorded on August 18, 2026. The contract value is Estimated cost of ROW $496,944; Maximum Available Credit $596,332.80.

How much is the Merritt Lv1 Owner Llc contract with Town of Rolesville worth?

The Merritt Lv1 Owner Llc contract with Town of Rolesville is valued at Estimated cost of ROW $496,944; Maximum Available Credit $596,332.80, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Rolesville Agenda Packet 2026-08-18 (AgendaPacket), dated August 18, 2026 from Town of Rolesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merritt Lv1 Owner Llc hold?

Merritt Lv1 Owner Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Merritt Lv1 Owner Llc's profile

What is Town of Rolesville currently buying?

Explore Town of Rolesville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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