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 19-286    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 9/16/2019 Final action: 9/16/2019
Title: A Resolution Approving an Intergovernmental Agreement between the Village of Oak Park and the County of Cook for the 2019 Invest in Cook Grant for the Lake Street Resurfacing Project in the Amount of $310,000 and Authorizing its Execution as Reviewed at the September 9, 2019 Special Meeting.
Attachments: 1. Resolution Cook County IGA Lake Street Grant, 2. Final 2019 IIC Agreement - Oak Park
Submitted By
Bill McKenna, Village Engineer

Reviewed By
LKS

Agenda Item Title
Title
A Resolution Approving an Intergovernmental Agreement between the Village of Oak Park and the County of Cook for the 2019 Invest in Cook Grant for the Lake Street Resurfacing Project in the Amount of $310,000 and Authorizing its Execution as Reviewed at the September 9, 2019 Special Meeting.

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Overview
Overview
The Village received a $310,000 grant to fund a portion of the Lake Street resurfacing project from Euclid Avenue to Austin Boulevard from Cook County. The Intergovernmental Agreement (IGA) defines the terms and conditions of the grant and construction processes. The project is scheduled to be bid later this year with construction occurring in 2020. For more information about this agenda and Village Board discussion, review the agenda materials for the September 9, 2019 special meeting.

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Recommendation
Recommendation
Approve the Resolution.

Fiscal Impact
The project will be constructed in 2020. Staff will include funds for the construction of the project which is estimated at $1,550,000 in the proposed FY2020 budget in the Capital Improvement Fund, Public Works - Engineering, for Local Street Construction, account no. 3095-43780-101-570951.

Per the terms of the IGA, Cook County will pay the Village half the grant amount equal to $155,000 following award of the construction contract. The remaining balance will be paid to the Village during construction and after final completion of the project.

Background
The Village was awarded a 2019 Invest in Cook Grant by for the Lake Street Resurfacing Project. Staff applied for the grant in March of this year. The $310,000 grant will help fund the street resurfacing project of Lake Street from Euclid Avenue to Austin Boulevard. The current cost estimate for the project is approximately $1,550,000. The project is currently scheduled to be bid in late 2019 with construction occurring in the summer of 2...

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