During its Jan. 23 meeting, Montgomery City Council approved a construction contract for the traffic signal at Buffalo Springs Drive and Hwy. 105.
In a nutshell
According to the agenda packet, Traf-Tex. Inc. will be paid $409,227.12 to construct a traffic signal at the intersection of Buffalo Springs Drive and Hwy. 105. Home Depot is funding the construction costs.
This project is one of two projects slated for that roadway, as a portion of Buffalo Springs Drive is slated to be reconstructed, Community Impact previously reported.
How we got here
Home Depot, which broke ground in December, is slated to open near Buffalo Springs Drive just west of Kroger, according to prior reporting.
In October, the city approved a Chapter 380 agreement with the retailer that stipulated:
- Home Depot will contribute $650,000 toward the improvements for Buffalo Springs Drive and Hwy. 105, and pay the remaining construction cost of $674,000 plus 15% for contingencies.
- The city of Montgomery will reimburse Home Depot for the $674,000 over a period of five or more years using 50% of the total sales tax collected by the city at the new store.
Stay tuned
Traf-Tex Inc. has 150 days to achieve final completion, according to the agenda packet. Home Depot is slated to open its new store by October, Community Impact previously reported.
View the Jan. 23 agenda packet below.
