HomeMy WebLinkAboutRes 17-84 04/17/1984
RESOLUTION NO.
17-84
A RESOLUTION AUTHORIZING THE EXECUTION OF AN
AGREEMENT WITH THE STATE OF ILLINOIS FOR THE
MODERNIZATION OF CERTAIN TRAFFIC CONTROL SIGNALS
WHEREAS, the Village of Mount Prospect has entered into an
agreement with the State of Illinois for the modernization of
traffic control signals'a.nd'installation of "Opticom"
equipment at the intersection of Illinois Route 62 (Algonquin
Road) at Busse Road, known as STATE Section 1983-026-TS
land at the- intersection of Dempster Road and Busse Road,
known as VILLAGE Section 83-00083-00-TL; and
WHEREAS, in compliance with the aforementioned Agreements, it
is necessary for the VILLAGE to appropriate sufficient
Motor Fuel Tax Funds to pay its share 'of the cost of said
traffic signal installations.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
¡TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
I SECTION ONE: That th~re is hereby appropriated the sum of I
Twenty Three Thou,sand and No/IOO ($23,000..00) or so much thereof
as may be necessary, from any money now or hereinafter allotted
to the VILLAGE, under provisions of the Motor Fuel Tax Law,
to pay fo~ its share of the cost'of these improvements as
provided in these Agreements.
I¡SECTION TWO: That upon award of the contract for these
. improvements, the VILLAGE will pay to the Department of
I Transportation of the State of Illinois, in a lump sum from
any funds allotted to the VILLAGE, under the Motor Fuel Tax
I Law, an amount equal to 95% of its obligation incurred under
leach Agreement, and will pay to the said Department the
remainder of its obligation(including any non-participating
costs for FA projects) in a lump sum, upon completion of
each project based upon final costs~
SECTION THREE: That the VILLAGE agrees to pass a supplemental
Resolution to provide the necessary funds for its share of
lithe costs of these improvements if the amount appropriated
¡herein proves to be insufficient to cover said costs. ,
SECTION FOUR: That this Resolution shall be in full.force
and effect from and after its passage and approval in the
manner provided by law.
AYES:
Arthur, Farley, Floros, Murauskis
NAYS:
None
ABSENT:
Van Geem, Wattenberg
PASSED and APPROVED this ~day of
April
, 1984
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