Friday, July 27, 2001
Friday, July 27, 2001 |
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Wal-Mart signs development agreement with city for store
By JOHN
MUNFORD
Wal-Mart officials have signed the development agreement that paves the way for a Wal-Mart Superstore in Peachtree City off Ga. Highway 54 west. City Public Information Officer Betsy Tyler said the company has signed the development agreement which Peachtree City and RAM Development had already signed. Plans call for the Wal-Mart to join a Home Depot store at its location on Hwy. 54 across from the entrance to the Planterra Ridge subdivision. It is not clear if Home Depot officials have inked the development agreement also, since City Attorney Rick Lindsey, who has been handling the negotiations, was unavailable this week, Tyler said. The agreement stipulates several conditions regarding the slate of road improvements the developers are required to fund, including: All the road improvements must be completed prior to the issuance of a certificate of occupancy by the city for any building on the property. The developers shall fund the connection of traffic signals on Hwy. 54 from MacDuff Parkway to the entrance for The Avenue at Peachtree City to a fiber optic cable system; all these lights shall also be sequenced with all other traffic signals on Hwy. 54 extending eastbound to the intersection of Willowbend Road and Flat Creek Parkway. If construction on the road improvements isn't underway by Aug. 15, a meeting will be held no later than Aug. 22 to determine a new date for construction to begin. If permits and approvals from the state Department of Transportation cannot be obtained for a particular road improvement project, other projects may be chosen with approval from the city and the city's traffic engineer as long as the new project complies with the traffic impact ordinance. Two outparcel stores shown on the final site plan cannot be developed unless each property complies with the city's traffic impact ordinance. Estimates for the traffic improvement projects slated for the area total over $1.5 million, all of which will be paid for by RAM Development according to the agreement.
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