Title/Name/Summary
Intergovernmental Agreement - Lagrange Road - 179th Street to 159th Street (IDOT contract No. 60F05) - Resolution
History
In November 2012, the Village Board approved the Lagrange Road Enhancements Matrix which outlined the various items that the Village of Orland Park ("Village") would be obligated to fund as part of the Intergovernmental Agreement ("IGA") with the Illinois Department of Transportation ("IDOT"). IDOT's LaGrange Road Widening and Reconstruction Project has been bid and will be awarded in the near future. Construction work is anticipated to start in late summer 2013 upon completion of the advance work that is currently underway.
Attached is the IGA between the Village and IDOT for the upcoming improvements to LaGrange Road from 179th Street to 159th Street - IDOT Contract No. 60F05.
Per the terms of this agreement, the Village will contribute an estimated total of $957,665 toward the project. A breakdown of project cost is attached to this agenda item.
IDOT has agreed to the following three (3) year payment plan-
August 2013 - Amount due - $319,190
August 2014 - Amount due - $319,190
August 2015 or later - Amount due - Remaining balance based on actual/ final quantities and unit bid prices.
Financial Impact
Amounts sufficient to fund the August 2013 payment and a portion of the August 2014 payment are included in the Village's FY2013 budget. An amount sufficient to fund the remainder of the August 2014 payment, as well as the August 2015 payment, will be included in the respective fiscal year's budget. In addition, any remaining FY 2013 budget will be rolled into FY2014 at the end of the current fiscal year.
Recommended Action/Motion
I move to approve the Intergovernmental Agreement between the Village of Orland Park and the Illinois Department of Transportation for improvements to LaGrange Road - 179th Street to 159th Street, IDOT contract No. 60F05;
And
To authorize the Mayor and Village Clerk to execute the agreement;
And
To pass Resolution Number 1309a, entitled: FUNDING RESOLUTION - LAGRANGE ROAD 179TH STREET TO 159TH STREET.