HomeMy WebLinkAboutRes 01-84 01/03/1984
RESOLUTION NO.
1-84
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 and installation of "Opticom"
equipment at the intersection of Illinois Route 83 (Elmhurst
Road) at Dempster Street, known as STATE Section 3025 TS-83
and as VILLAGE Section 83-00082-00-TL and at the intersection
of Illinois Route 62 (Algonquin Road) at Illinois Route 83
(Elmhurst Road), known as STATE Section 116 TS-2(83) and as
VILLAGE Section 83-0008l-00-TL¡ and
WHEREAS, i~ 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:
SECTION ONE: That there is hereby appropriated the sum of
Twenty Three Thousand 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 for its share of the cost of these improvements as
provided in these Agreements.
SECTION TWO: That upon award of the contract for these
improvements, the VILLAGE will pay to the Department of
Transportation of the State of Illinois, in a lump sum from
any funds allotted to the VILLAGE, under the Motor Fuel Tax
Law, an amount equal to 95% of its obligation incurred under
each 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
the 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, Wattenberg
NAYS:
None
ABSENT:
Van Geem
PASSED and APPROVED this 3rd
day of
January
, 1984.
ATTEST:. ~
~~Ý~AV
Village Clerk
/? d 1/
L::~< Jl ~"-