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 Construction Of The John Humphrey Drive At 143rd Street Roadway Intersection Improvements And Dry Land Bridge Expansion Project Under Idot Project Number F6gb(348), State Job Number C-91-261-24, Section Number 16-00078-00-Ch
History
The Village desire to participate in the Illinois Department of Transportation’s (“IDOT”) Surface Transportation Grant Program (STP) for the purpose of funding the construction of roadway intersection improvements and dry land bridge expansion at John Humphrey Drive and 143rd Street, in accordance with the terms set forth in the Local Public Agency Agreement for State of Illinois Participation (the “LPA Agreement”), a copy of which is attached hereto and made a part hereof Exhibit “A”. The improvements to be constructed under the LPA Agreement (Exhibit “A”) consist of roadway intersection improvements and dry land bridge expansion at John Humphrey Drive and 143rd Street (the “Project”). IDOT has estimated the Total Project Costs to be $9,722,698.00.
The State of Illinois, through IDOT, has agreed to participate and provide the funding for the actual construction costs associated with the Project through State of Illinois participation at a level of 41% of the actual construction cost, but not to exceed an amount equal to $4,000,000.00, in accordance with the terms set forth in the attached LPA Agreement (Exhibit “A”). The Village agrees to pay the local share of the Project, which equals 100% of all related Project construction costs in excess of the $4,000,000.00 allocated by State of Illinois funding.
If approved, the President and Board of Trustees of the Village of Orland Park agree to appropriate and authorize the expenditure ...
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