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A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT WITH THE STATE OF ILLINOIS AND THE VILLAGE OF ORLAND PARK APPROPRIATING FUNDS FOR THE ORLAND PARK NEW DEAL PROJECT
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WHEREAS, the Village of Orland Park desires to implement a project to acquire, demolish, and restore a single-family residential property located at 17001 Wolf Road to eliminate future flood damages and restore the area to open space as recommended by the Cook County Natural Hazard Mitigation Plan (the “PROJECT”); and
WHEREAS, the Illinois Department of Natural Resources (“DEPARTMENT”) has approved the PROJECT for participation in the Flood Hazard Mitigation Program; and
WHEREAS, the Village and the DEPARTMENT desire to enter into an intergovernmental agreement, Contract Number OWR-486 (the “AGREEMENT”) establishing the terms and conditions for implementation of the PROJECT; and
WHEREAS, pursuant to the AGREEMENT, the DEPARTMENT’S maximum funding obligation for the PROJECT is one million thirty-eight thousand seven hundred and two dollars ($1,038,702.00); and
WHEREAS, the Village is required to initially fund PROJECT costs and then seek reimbursement from the DEPARTMENT in accordance with the terms of the AGREEMENT; and
WHEREAS, the Village is responsible for all PROJECT costs exceeding the DEPARTMENT’S maximum funding obligation and for any costs that are not eligible for reimbursement under the AGREEMENT; and
NOW, THEREFORE, BE IT RESOLVED that the Village of Orland Park has sufficient funds to complete the PROJECT. The Village acknowledges that the DEPARTMENT will reimburse approved PROJECT costs in accordance with the AGREEMENT, up to the DEPARTMENT’S maximum funding obligation of one million thirty-eight thousand seven hundred and two dollars ($1,038,702.00), and that the Village shall be responsible for all PROJECT costs exceeding the DEPARTMENT’s maximum funding obligation and any costs not eligible for reimbursement under the AGREEMENT.
BE IT FURTHER RESOLVED that the (Mayor) is hereby authorized and directed to execute the above-mentioned AGREEMENT