HomeMy WebLinkAboutRes 24-24 05/21/2024 Approving An Itergovernmental Agreement With The State Of Illinois And The Village Of Mount Prospect Appropriating Funds For Land Acquisition Costs Fot The Rand-IL83-Kensington Intersection ImprovementsRESOLUTION NO. 24-24
A RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT WITH THE STATE OF ILLINOIS
AND THE VILLAGE OF MOUNT PROSPECT APPROPRIATING FUNDS FOR LAND ACQUISITION COSTS
FOR THE RAND-IL83-KENSINGTON INTERSECTION IMPROVEMENTS
WHEREAS, the Village of Mount Prospect endeavors to improve the three closely -spaced intersections
involving Rand Road (US 12), Illinois Route 83, and Kensington Road and segments of such roadways that are
approximately 1.0 miles, 0.5 miles, and 0.3 miles in length, respectively, and known to the Illinois
Department of Transportation as Section Number 18 -00170 -00 -CH; and
WHEREAS, the Land Acquisition costs 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 has received one hundred fourteen thousand, nine hundred forty
dollars ($114,940) in Federal Surface Transportation Program (STP) funding for Land Acquisition costs of said
Rand-IL83-Kensington Intersection Improvements; and
WHEREAS, the Village of Mount Prospect has received one million, six hundred eighty-five thousand, sixty
dollars ($1,685,060) in Federal Congressional Appropriation funding for Land Acquisition costs of said Rand-
IL83-Kensington Intersection Improvements; and
WHEREAS, the federal fund sources require a match of local funds to fulfill the total estimated amount of
two million, two hundred twenty-five thousand dollars ($2,225,000) stipulated in the AGREEMENT.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE VILLAGAE OF MOUNT PROSPECT,
COOK COUNTY, ILLINOIS:
SECTION ONE: That the Village of Mount Prospect authorizes four hundred fifty thousand dollars ($450,000)
or as much of such sum as may be needed to match federal funds for the purchase of land for the
aforementioned project known as Section Number 18 -00170 -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: Dante, Filippone, Gens, Grossi, Matuszak, Saccotelli
NAYS: None
ABSENT: None
Passed and APPROVED this 21st day of May, 2024.
Paul Wm. HoeferVMayor
ATTTEST:
Karen M. Agoranos, Village Clerk (Seal)