Oakmont expects to earmark revenue for River's Edge stoplight
Oakmont Council plans to use some of the tax revenue it will collect on the new River's Edge developments to pay for a stoplight needed to control additional traffic.
Council next month is expected to establish a fund that would be used to pay for the stoplight at Allegheny River Boulevard's three-way intersection near the Verona border. The light, which will be used to assist traffic from Allegheny and College avenues and Allegheny River Boulevard, could be installed in the next three to four years.
Officials estimated the cost of the light and its installation at $35,000.
It will be necessary, council members say, because of the interest generated by the 187-unit commercial and residential development that Brooks & Blair is building along the Allegheny River. The developer is expecting to begin selling units this year.
Estimates of how much council could collect from Brooks & Blair's transfer taxes are pending further research.
“It's impossible to tell at this point exactly how much those revenues will yield,” Councilman Tim Favo said. “Our best guess is all we have to go on.”
Borough council expects to set the percentage rate that it will set aside for the light from the development's 2015 taxes at next month's meeting. The rate will decrease each year the fund is in place, with council members expecting a 2017 completion for the stoplight.
“The percentage will go down,” council President Nancy Ride said, “but we're hoping that the money it yields will increase each year.”
Borough officials originally hoped Brooks & Blair would split the cost of the stoplight. When the developers refused, the borough filed a lawsuit in Allegheny County court, which ruled in favor of Brooks & Blair.
Although the tax revenue is expected to be used solely for the stoplight, it can be used to address other capital improvement projects that might take precedence, Ride said.
“It's not binding,” she said. “If there's something urgent that needs to be addressed, we can use the fund to do so.”
Paving projects set to get under way
Traffic will be reduced to a single, alternating lane in the 600 block of Allegheny River Boulevard as crews complete a brick paving project.
Favo said Kishmo Inc., the Washington Township-based contractor, is expected to begin the $120,000 project after Memorial Day. Work could be completed, at the earliest, by late July or early August, he said.
Satira Construction of Verona will be working simultaneously on a $45,000 repair project on Tenth Street.
Crews will be repairing the curb along the east side of the 800 block and resetting the bricks at the Virginia Avenue intersection. The work will not affect traffic, Favo said.
The borough also is in the process of preparing specifications and advertising bids for its 2014 pavement program, through which it aims to repave the 10 streets most in need.
No time line on the program was available on Monday.
Braden Ashe is a staff writer for Trib Total Media. He can be reached at 724-226-4673 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Lower Burrell sewer projects will cost millions
- Loan completes financing for Bell Township waterline extension
- Leechburg lands $11M package for sewer separation project
- Body found in Allegheny River is missing Penn Hills man
- New state regulations keep minors out of tanning salons
- Knights of Columbus to auction New Kensington building
- Hosannas for nonprofit helping to fix Tarentum man’s house
- Tarentum Council will auction railway station
- Route 56 overnight closures postponed again