Submitted By
Bill McKenna, Village Engineer
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Approving A Local Public Agency Agreement For Federal Participation with the State Of Illinois for Construction of the Lake Street Streetscape Project, Section 16-00264-00-PV, and Authorizing Its Execution
End
Overview
Overview
The Village received $3 million in federal funds for the Lake Street Streetscape Project from Harlem to Euclid. The project design is complete and the project is scheduled to be bid by the State in January of 2019 with construction occurring in 2019. The Local Agency Agreement is needed is required to allow the State to bid the project.
Body
Staff Recommendation
Approve the Resolution.
Fiscal Impact
The total construction cost of the streetscape project is estimated at $10,162,022. The Village is responsible for all of the costs in excess of the $3 million in federal funds for this project which are estimated at $7,162,022. The State will pay for the construction work and will invoice the Village for the Village's share of the project.
A revised Capital Improvement Plan sheet summarizing the costs for the various projects on Lake Street is included as an attachment. The current estimated construction cost for all of the projects is estimated at $14,949,022 with the Village's share equal to $11,949,022.
Background
The design work for the Lake Street Streetscape project is complete. In order for IDOT to bid the project in January of 2019, the State requires that the Village enter into an agreement with the State and commit funding for the project since the project will use federal funds. A separate agenda for a Funding Resolution is also being presented at this same Board meeting.
The Village has been planning streetscape improvements along the Lake Street corridor from Harlem Avenue to Euclid Avenue since 2012. In August of 2016 the Village approved an agreement with Thomas Engineering Group to start work on the engin...
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