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Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 24-269    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 7/23/2024 Final action: 7/23/2024
Title: A Resolution Authorizing the Submission of a Uniform Application for State Grant Assistance with the Illinois Department of Commerce and Economic Opportunity (DCEO) for the Madison Street Streetscape Project
Attachments: 1. Resolution DCEO Grant Madison.pdf

Submitted By                     

Bill McKenna, Village Engineer/Assistant Public Works Director

 

Reviewed By

Erin E. Baynes, Assistant to the Village Manager

 

Agenda Item Title

Title

A Resolution Authorizing the Submission of a Uniform Application for State Grant Assistance with the Illinois Department of Commerce and Economic Opportunity (DCEO) for the Madison Street Streetscape Project 

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Overview

Overview

In 2023, the State of Illinois approved $500,000 in the annual budget for DCEO funds for the Village of Oak Park for costs associated with infrastructure improvements. As approved in the FY24 Budget and Capital Improvement Plan, the Village will utilize these State funds for a portion of the costs associated with the current Madison Street Streetscape project as the project already utilizes DCEO funds. The State requires a grant application through the DCEO for the use of these funds. This grant application allows for the Village to use funding to reimburse Village costs for the project.      

End

 

Recommendation

Recommendation

Adopt the Resolution.

 

Background

In 2023, the State of Illinois approved $500,000 in the annual budget for DCEO funds for the Village of Oak Park for costs associated with infrastructure improvements. As approved in the FY24 Budget and Capital Improvement Plan, the Village will utilize these State funds for a portion of the costs associated with the current Madison Street Streetscape project as the project already utilizes DCEO funds. The State requires a grant application through the DCEO for the use of these funds. Upon approval of the grant applications by the State and DCEO, the Village would enter into grant agreements with the State. 

 

The Madison streetscape project already utilizes DCEO funds. Adding these additional DCEO funds to the project is the easiest way to administer their disbursement given their numerous reporting requirements.  

 

Fiscal Impact

The FY24 Budget includes $500,000 in State DCEO Grant revenues for funding the Madison Street Streetscape project in the Capital Improvement Fund, Public Works - Engineering, Grant Revenue account no. 3095.43480.101.431400. These grant revenue funds will be used to offset Capital Improvement Fund expenses for the project in the Capital Improvement Fund, Public Works - Engineering, Streetscaping account no. 3095.43780.101.570959.

 

DEI Impact

N/A

 

Alternatives

The Board could delay action to gain additional information.

 

Previous Board Action

N/A

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

The Village will be required to enter into grant agreements with the State for these funds.

 

Intergovernmental Cooperation Opportunities

This grant application and DCEO funds involve the State working with the Village to help fund the resurfacing of streets and infrastructure improvements.