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HomeMy WebLinkAboutRes 34-81 09/15/2005 J. ff"""': ~, ¡(~ No. .3'-1--<9/ SUPPLE!{ENTAL EXHIBIT A ~lEREAS, the Vjllage of Mount Prospect has entered into an Agreement with the State of Illinois for the installation of school traffic control signals and instal- lation of "Opticom" equipment at the intersection of Illinois Route 83 (Elmhurst Road) at Council Trail, known as STATE Section 97B-TS(80) and as VILLAGE Section 8C-00070-00-TL; and, WHEREAS, in compliance with the aforementioned Agreement, it is necessary for the VILLÞ.GE to appropriate sufficient supplemental Motor Fuel Tax Funds to pay its share of the cost of the said traffic signal improvements. NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the supplemental sum of FOUR THOUSk~D THREE HUNDRED TWENTY-FIVE and NO/IOO DOLLARS ($4,325.00.) 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 this improvement as provided in this Agreement; and, BE IT FURTHER RESOLVED, that upon'award ,of the contract for this improvement, 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 an~unt equal to 95% of its obligation incurred under this Agreement, and wilY 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 the project based upon final costs; and, BE IT FURTHER RESOLVED, that the VILLAGE agrees to pass a supplemental resolution or provide necessary funds for its' share of the cost of this improvement if the amount appropriated herein proves to be insufficient to cover said cost. Passed this / S- rH AYES 6 - NÞYS 0 - . ABSENT 0 day of S¡:;prettß¡;;-R , 19cP/ . STATE OF ILLINOIS) VILLAGE OF MOUNT PROSPECT) SS COUNTY OF COOK I, C~ROL.. 4. FI 13/- 7:> S Clerk in and for the Village of Mount Prospect, hereby certify the foregoing to be a true, perfect and complete copy of a resolution adopted by the Village Board at a meeting on 9- /:S- A. D. 19~. ILLINOIS DEPART~ŒNT OF TRANSPORTATION ,IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this I S'rrl day of S¡:¡:;-r: A.D. 19 ð' / . APPROVED: ,1~Y~ Clerk District Engineer ~/ SEA L