Submitted By
Bill McKenna, Village Engineer
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Authorizing the Submission of a Surface Transportation Program Shared Fund Grant Application for the Harlem Avenue Multimodal Bridge Project
End
Overview
Overview
This resolution authorizes staff to submit an application of a Surface Transportation Program Shared Fund (STP Shared Fund) Grant for the replacement of the Harlem Avenue Bridge between South Boulevard and North Boulevard. The application would be a joint effort with both River Forest and Forest Park.
Body
Staff Recommendation
Approve the Resolution.
Fiscal Impact
The preliminary cost estimates for the project is approximately $30 million for design and construction. The STP Shared Fund grant is requested to cover 80% of the costs for the design and construction of this project. The remaining local share of the project is proposed to be shared between the Village of Oak Park, River Forest, and Forest Park. The Village of Oak Park would provide 50% of the local match which is estimated to be approximately $3 million and River Forest and Forest Park would each provide a 25% match for approximately $1.5 million each. Should the grant be awarded design work would begin in 2020 with construction starting in 2022. Final expenditures for the project would likely be in 2024.
Background
The Chicago Metropolitan Agency for Planning (CMAP) recently announced the availability of Federal Highway Funds using a new funding source called the Surface Transportation Program Shared Fund (STP Shared Fund). The STP Shared fund was established for the purpose of supporting larger-scale regional projects that address regional performance measures and the goals of ON TO 2050. The intent of the STP Shared fund is to set aside $40M annually for to help fund larger projects over $5M or multijurisdictional projects.
Project eligibility is focused on projects of significant cost and multijurisdictional projects in...
Click here for full text