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File #: 2015-0350    Version: Name: Intergovernmental Agreement - IL Route 43 (Harlem Avenue) at 151st Street Intersection Improvements (IDOT contract No. 60X85)
Type: RESOLUTION Status: IN BOARD OF TRUSTEES
File created: 6/10/2015 In control: Board of Trustees
On agenda: 7/6/2015 Final action: 7/6/2015
Title: /Name/Summary FUNDING RESOLUTION (JOINT AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION FOR IMPROVEMENT OF ILLINOIS ROUTE 43 AT 151ST STREET
Attachments: 1. Funding Resolution, 2. SIGNED AGREEMENT

Title/Name/Summary

FUNDING RESOLUTION (JOINT AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION FOR IMPROVEMENT OF ILLINOIS ROUTE 43 AT 151ST STREET

 

BODY

WHEREAS, the VILLAGE OF ORLAND PARK has entered into an AGREEMENT with the STATE OF ILLINOIS for the improvement of 1,548 lineal feet of Illinois Route 43 at 151st Street, known as FAP Route 348, State Job. No. C-91-234-14, State Contract No. 60X85, State Section No. (3127-1)N-1(14); 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-TWO THOUSAND FOUR HUNDRED THIRTY-FOUR DOLLARS ($22,434.00) 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, and receipt of an invoice, 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 the AGREEMENT, and will pay to the 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.