The city’s acceptance of three rebuilt roads at Main Street Oak Ridge triggered $1.5 million in funding for the public improvement work.
The Oak Ridge City Council unanimously agreed to accept the roadsâ€”Main Street East, Main Street West, and Wilson Streetâ€”in a 7-0 vote on Monday, November 13.
The developer, TN Oak Ridge Rutgers LLC, which is affiliated with RealtyLink of Greenville, South Carolina, has certified $1.84 million worth of public improvements to the three roads. Most of that, or $1.28 million of it, was for asphalt, base, earthwork, demolition, storm and “wet utilities,” among other work, according to a letter to Oak Ridge City Manager Mark Watson from Manager Phillip J. Wilson.
The next largest portion of the costs, roughly $320,000, was for electrical work. There were also land costs of $179,000, according to Wilson’s letter to Watson. [Read more…]