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November 15, 2010 (Regular Meeting) <br />Page 214 <br />Description: The existing public park is in poor condition and <br />under -used. The proposed improvements will bring new life to the <br />park and serve as a pedestrian gateway into the campus. <br />Improvements include brick sidewalks, water feature, site <br />furnishings, drainage, landscaping, irrigation, walls, lighting, <br />and associated wiring. <br />Status: Pending funding, this project will immediately begin with <br />site design. Construction is projected to begin in summer /fall <br />2011. <br />NCRC Interstate Signage - NCDOT. <br />Budget: $90,000. This is the full estimate for this project. <br />However, the City is hopeful that this number can be reduced <br />somewhat through a partnership with NCDOT.- <br />Description: There are currently no directional signs on the <br />interstate directing travelers to the NCRC. This would resolve <br />that issue with new directional signs being constructed and <br />installed on 1 -85 at exit 54, exit 63 and exit 60. <br />Status: Pending funding and an agreement with NCDOT, this sign <br />installation project would occur in 2011. <br />Final pavement of North Main Street. <br />Budget: $130,000. <br />Description: The reconstruction of North Main Street in front of <br />the Core Laboratory building needs its final phase of asphalt to <br />finish the project. Currently, the exposed sewer manholes create <br />driving hazards on this well travelled street. This is now a <br />City- maintained street. <br />Status: Pending funding, this work will begin in Spring 2011. <br />8th Street Stormwater Line. <br />Budget: $834,000. <br />Description: Replacement of approximately 310 linear feet of <br />storm drain pipe and the installation under Loop Road at the 8th <br />Street Greenway. This project will open up approximately 500 of <br />the NCRC site to future development. Originally included with <br />this stormwater line was a pedestrian tunnel (similar to 8th <br />Street /Village park project) but it was determined that this was <br />not a high priority at this time. <br />Status: Design work is completed. Pending funding, construction <br />will begin in 2011 <br />Completion of NCRC Phase I Streets. <br />Budget: $360,000. <br />Description: The final asphalt overlay of Research Campus Drive, <br />Laureate Way, and Biotechnology Lane needs to be completed within <br />the NC Research Campus. The final paving will finish the roadway <br />network and will remedy the Current situation of manholes and <br />valves posing driving hazards to motorists. These streets are now <br />maintained by the City. <br />Status: Pending funding, this work will begin in Spring 2011. <br />NCRC Phase II -A Infrastructure. <br />Budget: $3,471,296. <br />Description: This project is an extension of Research Campus <br />Drive (in front of the Core Laboratory Building) north to Main <br />Street and Loop Road (with two side streets) as well as a new <br />street connecting Loop Road and Laureate Way. Included with the <br />street extensions would be water, sewer, stormwater, streetscape <br />improvements. This would open up significant land for new <br />vertical construction on the NCRC. Specifically, there is a new <br />