Common Contracts
1 similar Bonus Allocation Agreement contracts
MEMORANDUMBonus Allocation Agreement • November 21st, 2022
Pursuant to the North Carolina Department of Transportation (“DOT”) State Transportation Improvement Program (“STIP”), DOT recognizes local contributions that reduce road construction costs, and DOT reimburses a portion of such local contributions. Chatham Park includes the construction of the “Chatham Park Way”, a state road project primarily benefiting the transportation needs of residents and businesses located within the Town and Chatham Park. DOT has identified in the STIP the funding for and scheduling of construction of a new approximately 2.336-mile two-lane section of Chatham Park Way.
