Title
A RESOLUTION APPROVING THE LOCAL PUBLIC AGENCY AGREEMENT FOR FEDERAL PARTICIPATION TO BE ENTERED INTO BY THE VILLAGE OF ORLAND PARK AND THE ILLINOIS DEPARTMENT OF TRANSPORTATION (“IDOT”) AND FOR THE APPROPRIATION OF VILLAGE FUNDS FOR THE PURPOSE OF PAYING FOR THE LOCAL AGENCY SHARE RELATED TO THE DESIGN OF A ROUNDABOUT AT THE INTERSECTION OF 153RD STREET AND RAVINIA AVENUE UNDER IDOT PROJECT NO. M3KL(805), STATE JOB NO. D-91-207-24, SECTION NO. 21-00088-00-CH
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WHEREAS, the President and Board of Trustees of the Village of Orland Park, Illinois a home rule Illinois municipal corporation, desire to participate in the Illinois Department of Transportation’s (“IDOT”) Surface Transportation Grant Program (STP) for the purpose of funding the design engineering of a roundabout at the intersection of 153rd Street and Ravinia Avenue in accordance with the terms set forth in the Local Public Agency Agreement for Federal Participation (the “LPA Agreement”), a copy of which is attached hereto and made a part hereof Exhibit “A”; and
WHEREAS, the improvements to be designed under the LPA Agreement (Exhibit “A”) consist of a roundabout at the intersection of 153rd Street and Ravinia Avenue within the Village’s corporate boundaries (the “Project”). The IDOT has estimated the Total Project Costs to be TWO HUNDRED SIXTY SEVEN THOUSAND SIX HUNDRED THIRTY and 00/100 DOLLARS ($267,630.00); and
WHEREAS, the State of Illinois, through the IDOT, has agreed to participate and provide the funding for the actual design engineering costs associated with the Project through Federal participation at a level of 80% of the actual design cost, but not to exceed an amount equal to TWO HUNDRED SIX THOUSAND THREE HUNDRED NINTY FIVE and 00/100 DOLLARS ($206,395.00) in accordance with the terms set forth in the attached LPA Agreement (Exhibit “A”); and
WHEREAS, the Village agrees to pay the local share of the Project, which equals 100% of all related Project design engineering costs ...
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