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HomeMy WebLinkAboutRes 33-21 08/17/2021 Approving an Intergovernmental Agreement with the State of Illinois and the Village of Mount Prospect appropriating funds for Right-Of-Way costs for the Rand-Centreal-Mount Prospect intersection ImprovementsRESOLUTION NO. 33-21 A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT WITH THE STATE OF ILLINOIS AND THE VILLAGE OF MOUNT PROSPECT APPROPRIATING FUNDS FOR RIGHT-OF-WAY COSTS FOR THE RAND -CENTRAL -MOUNT PROSPECT INTERSECTION IMPROVEMENTS WHEREAS, the Village of Mount Prospect endeavors to improve the three closely -spaced intersections involving Rand Road (US 12), Central Road, and Mount Prospect Road and segments of such roadways that are approximately 0.8 miles, 0.2 miles, and 0.1 miles in length, respectively, and known to the Illinois Department of Transportation as Section Number 17 -00166 -00 -CH; and WHEREAS, the Right -of -Way cost of said improvement has necessitated the use of federal funds; and WHERAS, the use of federal funds requires a joint funding agreement (hereinafter "AGREEMENT") with the Illinois Department of Transportation; and WHEREAS, the Village of Mount Prospect received seven hundred twenty thousand dollars ($720,000) in CMAQ federal funding for Right -of -Way costs of said Rand -Central -Mount Prospect Intersection Improvements; and WHEREAS, the federal fund source requires a match of local funds to fulfill the total amount of one hundred eighty thousand dollars ($180,000) stipulated in the AGREEMENT. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Village of Mount Prospect authorizes one hundred eighty thousand dollars ($180,000) or as much of such sum as may be needed to match federal funds for the purchase of right of way for the aforementioned project known as Section Number 17 -00166 -00 -CH. SECTION TWO: That the Mayor and Board of Trustees of the Village of Mount Prospect do hereby authorize the execution of the above-mentioned AGREEMENT and any other such documents related to advancement and completion of said project. SECTION THREE: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: Filippone, Gens, Matuszak, Pissarreck, Rogers NAYS: None ABSENT: None Passed and APPROVED this 17th day of August, 2021. Colleen E. Saccotelli, Mayor Pro -Tem A EST: A�4 ,. Karen M. Agoranos, Village Clerk (Seal)