Submitted By
Bill McKenna, Village Engineer
Reviewed By
A.M. Zayyad
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 2022 Resurfacing of Various Streets Project and the Madison Street Streetscape Project
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Overview
Overview
In 2022, the State of Illinois approved three million dollars in the annual budget for DCEO funds for the Village of Oak Park for costs associated with street resurfacing infrastructure improvements. As approved in the FY22 Budget and Capital Improvement Plan, the Village will utilize these State funds for the 2022 Street Resurfacing Project and for a portion of the Madison Street Streetscape Project. To use these funds, the State requires a grant application through the DCEO. This grant application allows the Village to use these funds to complete the projects.
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Recommendation
Recommendation
Approve the Resolution.
Fiscal Impact
The FY22 Budget includes $3 Million in State DCEO Grant revenues for funding the Resurfacing of Various Streets project and 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 two projects in the Capital Improvement Fund, Public Works - Engineering, Local Street Resurfacing account no. 3095.43480.101.570951 and Streetscaping account no. 3095.43780.101.570959. Based on initial cost estimates for the two projects, it is anticipated each project will utilize $1.5 Million each in these grant funds for construction.
Background
In 2022 the State of Illinois approved a budget item of three (3) million dollars for DCEO funds for the Village of Oak Park for costs associated with street resurfacing infrastructure improvements. As part of the Village's adopted ...
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