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 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
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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”) 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 (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 roadway intersection improvements and dry land bridge expansion at John Humphrey Drive and 143rd Street (the “Project”). The IDOT has estimated the Total Project Costs to be EIGHT MILLION ONE HUNDRED FIFTY ONE THOUSAND DOLLARS ($8,151,000.00); 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 STP Program at a level of approximately 36% of the actual construction cost, but not to exceed an amount equal to THREE MILLION DOLLARS ($3,000,000.00), in accordance with the terms set forth in the attached LPA Agreement (Exhibit “A”); and
WHEREAS, Village agrees to pay the local share of the Project, which equals 100% of all related Project construction co...
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