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File #: 2014-0683    Version: Name: Intergovernmental Agreement - IL Route 43 (Harlem Avenue) at 143rd Street Intersection Improvements (IDOT contract No. 60X73) - Resolution
Type: RESOLUTION Status: IN BOARD OF TRUSTEES
File created: 11/13/2014 In control: Board of Trustees
On agenda: 12/1/2014 Final action: 12/1/2014
Title: /Name/Summary FUNDING RESOLUTION (JOINT AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION FOR IMPROVEMENT OF 143RD STREET AT ILLINOIS ROUTE 43)
Attachments: 1. IGA Contract, 2. Project Costs, 3. Resolution, 4. Executed Agreement - Signed

Title/Name/Summary

FUNDING RESOLUTION (JOINT AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION FOR IMPROVEMENT OF 143RD STREET AT ILLINOIS ROUTE 43)

 

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WHEREAS, the VILLAGE OF ORLAND PARK has entered into an AGREEMENT with the STATE OF ILLINOIS for the improvement of Illinois Route 43 at 143rd Street, known as FAP Route 34B, STATE Section (3127) N-1 (13); and

 

WHEREAS, in compliance with the aforementioned AGREEMENT, it is necessary for the VILLAGE to appropriate sufficient funds to pay its share of the cost of said improvement.

 

NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF ORLAND PARK, COOK AND WILL COUNTIES, ILLINOIS, that there is hereby appropriated the sum of TWENTY THOUSAND ONE HUNDRED TWENTY-FIVE DOLLARS ($20,125) or so much thereof as may be necessary, from any money now or hereinafter allotted to the VILLAGE to pay its share of the cost of this improvement as provided in the AGREEMENT; and

 

BE IT FURTHER RESOLVED, that upon award of the contract for this improvement, the VILLAGE will pay to the STATE in a lump sum from any funds allotted to the VILLAGE, an amount equal to 80% of its obligation incurred under this AGREEMENT, and will pay to said STATE the remainder of the obligation in a lump sum, upon completion of the project based on final costs.

 

BE IT FURTHER RESOLVED, that the VILLAGE agrees to pass a supplemental resolution to provide any necessary funds for its share of the cost of this improvement if the amount appropriated herein proves to be insufficient to cover said cost.

 

This Resolution shall be in full force and effect upon its adoption as provided by law.