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A Resolution Approving a Grant Agreement between the State of Illinois, Department of Commerce and Economic Opportunity and the Village of Oak Park for the Madison Street Streetscape Projects in an Amount not to Exceed $500,000 and Authorizing its Execution
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Introduction
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In 2023 the State of Illinois approved $500,000 in Department of Commerce and Economic Opportunity (DCEO) funds for the Village of Oak Park for costs associated with infrastructure improvements. As approved by the Village Board in 2024, the Village will utilize these State funds for a portion of the costs associated with the substantially complete Madison Street Streetscape project since this project is already utilizing DCEO funds. This Grant Agreement defines the terms of the grant and allows for the Village to move forward with closing out the Madison Street project and requesting reimbursement.
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Recommended Action
Adopt the Resolution.
Prior Board Action
The Board has taken the following prior actions:
* At the July 23, 2024, Village Board meeting, the Village Board approved 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. (RES. 24-269).
* At the May 15, 2023, Village Board meeting, the Village Board approved a Resolution Approving a Grant Agreement between the State of Illinois, Department of Commerce and Economic Opportunity, and the Village of Oak Park for the Resurfacing of Various Streets and Madison Street Streetscape Projects in an Amount not to Exceed $3,000,000 (RES 23-164).
* At the April 4, 2022 Village Board meeting, the Village Board approved the submission of a Uniform Application for State Grant Assistance with the Illinois Department of Commerce and Economic Opportunity (DCEO) for the 2022 Resurfacing of Various Streets project and the Madison Street Streetsca...
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