The village of New Albany will receive $500,000 from the Mid-Ohio Regional Planning Commission for a new traffic signal at state Route 605 and Walton Parkway.

The village of New Albany will receive $500,000 from the Mid-Ohio Regional Planning Commission for a new traffic signal at state Route 605 and Walton Parkway.

MORPC announced the allocation of $28-million in federal "stimulus" funds from the American Recovery and Reinvestment Act.

Village administrator Joe Stefanov said the village applied for nearly $10-million in stimulus money for such projects as road resurfacing, leisure trails and extension of water and sewer services into the Licking Country portion of the village.

Stefanov said the water and sewer money has not been allocated yet from the Ohio Environmental Protection Agency. He also said he has heard that the Franklin County engineer's office would be in charge of allocating funds for Franklin Country projects and that New Albany might have a chance at some of the money.

"We were pleasantly surprised by the news," Stefanov said. "Based on the original draft of proposed projects, we didn't know whether or not we were going to make the cut."