Title
159th & LaGrange Road Land Acquisition - Approval
History
As part of our agreement with the State of Illinois (IDOT), the Village is providing the initial funding for the acquisition the right of way necessary for the intersection improvements at 159th & LaGrange Road. The Village’s will be reimbursed in full for all amounts paid over $5,469,415 ($1,815,000 for land acquisition and $3,654,415 for construction costs related to street lighting, sidewalks, retaining walls, water main and sanitary sewer relocation, ornamental landscaping and traffic signals). To date, the Village has spent $10,380,675 and has been reimbursed $3,681,000. According to the State, we will receive the remainder of the reimbursement when all project costs have been finalized; currently, not all land acquisition has been completed and final construction costs have not yet been calculated.
Attached you will find the Final Judgment Order (Case No. 2006 L 050498) for one of the outstanding right of way acquisitions. In September 2006, the Board approved payment of the preliminary just compensation for Parcel 0FZ0021 (Pep Boys) in the amount of $366,000; this Final Judgment Order requires an additional payment of $44,000.
On December 14, 2009, this item was reviewed and approved by the Finance Committee and referred to the Board for approval.
Financial Impact
Funds are available in the FY2009 budget.
Recommended Action/Motion
I move to approve payment to the Cook County Treasurer, in the amount of $44,000.00, as final compensation under Case No. 2006 L 050498.