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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 104th AVENUE MULTI-USE PATH UNDER IDOT PROJECT NUMBER EIBV (945)) STATE JOB NO. D-91-201-22, SECTION NO. 15-00077-00- BT
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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”) Congestion Mitigation and Air Quality Program (“CMAQ Program”) for the purpose of funding a multi-use path along 104th Avenue between 159th Street and 163rd Place 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 constructed under the LPA Agreement (Exhibit “A”) consist of a multi-use path of approximately .57 miles along 104th Avenue between 159th Street and 163rd Place (the “Project”). The IDOT has estimated the Total Project Costs to be TWO MILLION ONE HUNDRED THOUSAND DOLLARS (2,100,000.00); and
WHEREAS, the State of Illinois, through the IDOT, has agreed to participate and provide the funding for the actual construction costs associated with the Project through the ITEP Grant Program at a level of approximately 64% of the actual construction cost, but not to exceed an amount equal to ONE MILLION THREE HUNDRED FIFTY TWO THOUSAND TWO HUNDRED AND FIFTY DOLLARS ($1,352,250.00), in accordance with the terms set forth in the attached LPA Agreement (Exhibit “A”); and
WHEREAS, further, Cook County has agreed to contribute approximately 23% of the funding for the actual construction costs associated with the Project, at a not to exceed amount equal to FOUR H...
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