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 18-815    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 2/26/2018 Final action: 2/26/2018
Title: A Resolution Approving the Lake Street Improvement Projects' Scope, Including the Projects' Limits, Decorative Materials, and Specialty Features
Attachments: 1. Resolution_LakeSt_ProjectScope_2-26-18.pdf, 2. LakeStreetImprovements_ProjectScopeCostMaterials, 3. LakeStreetImprovements_ProjectScopeCostMaterials, 4. Lake Street Streetscape Presentation 2-5-18.pdf, 5. Slide #1 History-Supplementals-R.pdf, 6. Slide #2 Purpose and Need Supplementals-R.pdf, 7. Slide #3 Progress to Date Supplementals-R.pdf, 8. Slide #4_Traffic Study Supplementals_R.pdf, 9. Slide #5_Proposed Project Supplementals_R.pdf, 10. Slide #6-Streetscape-Supplementals-R.pdf, 11. Slide #7_Cost and Schedule Supplementals.pdf
Submitted By
Bill McKenna, Village Engineer

Reviewed By
LKS

Agenda Item Title
Title
A Resolution Approving the Lake Street Improvement Projects' Scope, Including the Projects' Limits, Decorative Materials, and Specialty Features

End
Overview
Overview
This is a continuation of the discussion from the February 5, 2018 Regular Meeting. Staff will present information regarding the Lake Street Improvement project including the streetscape project's preliminary design, scope, materials, and cost estimates.

Staff will incorporate Village Board comments and direction received at this meeting into the final design of the Lake Street Improvement projects.

Body
Staff Recommendation
Approve the Resolution.

Fiscal Impact
Remaining FY2017 funds for the design of the Lake Street Improvement projects are proposed to be carried forwarded into the FY2018 Budget at the next quarterly budget amendment.

The construction of the Lake Street Improvement projects is proposed to occur in 2019. Funds for the project will need to be appropriated in the 2019 budget. The Village received $3 M in Federal Funds for the project in 2016 which will be used for the proposed project. The current cost estimate for construction of the projects is $18.8M and this is based upon the scope of project approved by the Village Board in 2015.

For purpose of the Board's discussion, a spreadsheet is attached which identifies the Base Project Costs at $10.3 million. Base Project Costs are those infrastructure improvements which staff recommends in 2019 in order to ensure that the street, pedestrian ways, drinking water, wastewater systems and solid waste services function properly. The Lake Street corridor is a tangible assets and its infrastructure should be maintained in good repair in order to sustain community life, safeguard the environment, protect our health, support the economy, and allow people and goods to move safely and efficiently.

The attached spreadsheet also ide...

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