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HomeMy WebLinkAboutRes 04-91 01/15/1991 AF/ 1/11/91 RESOLUTION NO. 4-91 A RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT BETWEEN THE VILLAGE OF MOUNT PROSPECT AND THE ILLINOIS DEPARTMENT OF TRANSPORTATION RELATIVE TO THE SIGNALIZATION OF ALGONQUIN ROAD AND BRIARWOOD DRIVE WHEREAS, the corporate authorities of the Village of Mount Prospect have determine that it would be in the best interest of the Village to participate with the State of Illinois Department of Transportation to install a traffic signal at the intersection of Algonquin Road and Briarwood Drive; and WHEREAS, in order to proceed with the proposed improvement it has been determined by the Mayor and Board of Trustees that the best interest of the residents of the Village would be served by entering into an Agreement with the Illinois Department of Transportation relative to sharing in the cost of said improvement. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect do hereby express their desire to participate in the cost of installing a traffic signal at the intersection of Algonquin Road and Briarwood Drive, which intersection is located within the corporate boundaries of the Village of Mount Prospect. SECTION TWO: That the Board of Trustees of the Village of Mount Prospect do hereby authorize the Mayor to sign and Clerk to attest his signature on an Agreement between Village and the Illinois Department of Transportation relative to the installation of a traffic signal at the intersection of Algonquin Road and Briarwood Drive, a copy. of said Agreement is attached hereto and hereby made a part hereof as Exhibit "A". 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: Arthur, Busse, Corcoran, Floros, Weibel NAYS: None ABSENT: Van Geem PASSED and APPROVED this 15th day of January , 1991. ATTEST: ,. Carol A. Fields Village Clerk EXHIBIT A WHEREAS, the VILLAGE nas entered into an Agreement with the State of Illinois for the installation of traffic control signals anQ "OPTICOM" at the intersection of IL 62 ~ Briarwood Drive/Brownstone Court, known as STATE Section llGTS-~(90) and as VILLAGE Section 90-OOi09-O0-TL and, WHEREAS, in compliance with the aforementioned Agreement, it is necessary for the VILLAGE to appropriate sufficient Motor Fuel Tax Funds to pay its share of the cost of said traffic signal installation. NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of $3?,566.6? (THIRTY SEVEN THOUSAND FIVE HUNDRED SIXTY-SIX AND 67/100 DOLLARS 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 Oepartmen: 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 this Agreement, and will pay to the said Department the remainder of its obligation (including any non-particpating 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 to 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 15th day of Januar.y , 19 91 AYES 5 STATE OF ILLINOIS ) VILLAGE OF MT. PROSPECT ) SS NAYS 0 COUNTY OF COOK ) ABSENT t I, Carol A. Fields , Clerk in and for the VILLAGE of Mt. Prospect, hereby certify the foregoing to be a true, perfect, and complete copy of a resolution adopted by the Board of Trusteesat a meeting on January 15, A.D., 19 91 APPROVED IN TESTIMONY WHEREOF, I ~ave hereunto set my hand and seal this 16thday-of January A.D., TRANSPORTATION Clerk District Engineer S E A L PLAN APPROVAL WHEREAS, in order to facilitate the improvement at the intersection of IL 62 ~ Briarwood Drive/Brownstone Court, the VILLAGE hereby approves the plans and specifications for the proposed traffic signal installation at the said intersection. APPROVED: Date: Clerk ' S E A L