The Town Council will get a report Monday about future road improvements in the Ephesus-Fordham development district.
UNC officials also will make their annual report Monday on the progress of on-campus and Carolina North construction. The meeting begins at 7 p.m. in the Town Hall Council Chamber, 405 Martin Luther King Jr. Blvd.
The Ephesus-Fordham report was required when town staff had 70 percent of the district’s road construction planned. The plan includes the Ephesus Church Road-Fordham Boulevard intersection and areas surrounding Rams Plaza, plus two roads related to developer East West Partners’ Elliott Road apartments project. Town manager Roger Stancil has until Nov. 12 to approve or deny a permit for that project.
The N.C. Department of Transportation is reviewing the plans – Fordham Boulevard is a state-maintained highway – and could help pay up to $2.17 million, town officials said. The council could receive a report in January about a proposed pedestrian bridge across the highway, they said.
The town expects the road improvements to cost roughly $8.8 million. Plans for extending Legion and Elliott roads are not included in the report. The town plans to pay for the work with bond money and financing that uses Town Hall as collateral. The town could repay the debt using increased tax revenues from redeveloped property, officials said.