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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