Title
A SUPPLEMENT RESOLUTION AUTHORIZING THE APPROPRIATION OF AN ADDITIONAL $681,272.00 IN 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.
Body
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 Program (“STP Program”) for the purpose of funding 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 Federal Participation which was approved by the passage of Resolution 2404 on July 15, 2024 (the “LPA Agreement”); and
WHEREAS, the improvements to be constructed under the LPA Agreement consist of roadway intersection improvements and dry land bridge expansion at John Humphrey Drive and 143rd Street (the “Project”). IDOT has estimated the revised Total Project Costs to be EIGHT MILLION EIGHT HUNDRED THIRTY TWO THOUSAND TWO HUNDRED SEVENTY TWO DOLLARS ($8,832,272.00); and
WHEREAS, the State of Illinois, through IDOT, has agreed to participate and provide the funding for the actual construction costs associated with the Project through the STP Program at a level of approximately 34% of the actual construction cost, but in an amount not to exceed THREE MILLION DOLLARS ($3,000,000.00), in accordance with the terms set forth in the LPA Agreement; and
WHEREAS, Village agrees to pay the local share of the Project, which equals 100% of all related Project construction costs in excess of the $3,000,000.00 allocated by Federal funding; and
WHEREAS, the President and Board of Trustees of the Village of Orland Park...
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