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 Approving a Joint Funding Agreement for Federally Funded Preliminary Engineering with the State of Illinois for the Design of the Home Avenue Bridge Replacement Project and Authorizing Its Execution
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Overview
Overview
On May 7, 2024, the Village Board approved an Engineering Agreement with Stantec Consulting Services, Inc. for the Phase I design of the Home Avenue Bridge. The Village is required to enter into an agreement with the State of Illinois to utilize federal funding for the design of the Home Avenue Bridge Replacement. Per the Joint Funding Agreement, the Village will pay for the costs upfront and be reimbursed by the State for 80%.
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Recommendation
Recommendation
Adopt the Resolution.
Background
On May 7th, the Village Board approved a Local Public Agency Engineering Services Agreement with Stantec Consulting Services, Inc., for the Phase I Preliminary Engineering Design of the Home Avenue Bridge in an amount of $1,812,191. The Village was previously awarded federal grants related to caps over I-290 that will be used to fund 80% of the costs for this design work. To utilize these funds, the Village must enter into an agreement with the State and adopt a separate funding resolution committing the Village to its local share of the project's costs.
Fiscal Impact
The previously approved cost for the Phase I design of the bridge is $1,812,191. The FY24 Budget includes $300,000 for this project in the Capital Improvement Fund, Public Works-Engineering, Project Engineering account no. 3095.43780.101.570706. The remaining $1,512,191 will be included in the proposed FY25 Budget. Federal funds will be used to pay for 80% of the costs for this project. The Village will pay for the costs for the work upfront and be reimbursed by the State. The Village's local share...
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