Submitted By
Bill McKenna, Village Engineer
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Authorizing the Submission of an Invest In Cook Grant Application for the Lake Street Resurfacing Project
End
Overview
Overview
This resolution authorizes staff to submit an application of a Cook County Department of Transportation and Highways FY2019 Invest in Cook Grant for the Lake Street Resurfacing Project from Euclid Avenue to Austin Boulevard.
Body
Staff Recommendation
Approve the Resolution
Fiscal Impact
Based upon limited available funds for this grant program, the dollar amounts of previously awarded grants, and to make the grant application attractive to the county, staff is proposing requesting a grant application for 20% of the construction costs for this project. Construction is currently estimated at $1,550,000 and the Village will request 20% of this cost for a grant request of $310,000.
Construction of this project is currently scheduled for 2020. The proposed FY2020 budget will include funds for this project as well as any grant revenues, if awarded. The project was originally proposed for construction in 2019 and the FY2019 budget includes $1,400,000 in the Capital Improvement Fund, Public Works - Engineering, for Local Street Construction account no. 3095-43780-101-570951 for this project. The FY2019 funds will not be expended in 2019 and be proposed for the FY2020 budget.
Background
The Cook County Department of Transportation and Highways recently announced $8.5 million in transportation funds for Invest in Cook grants to help cover the cost of planning and feasibility studies, engineering and construction associated with improvements consistent with the County's Long Range Transportation Plan. Grant applications are due on March 15, 2019 with an anticipated award notice in the late summer or early fall of 2019.
Lake Street from Euclid Ave to Austin Blvd is currently scheduled to be resurfaced in 2020 in conjunction with...
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