1981-06-15 - Resolution 1981-30 - APPROPRIATION OF FUNDS FOR IMPORVEMENT OF RTE 83 AND CHECKER DR/BUSCH PKWY INTERSECTION 16,000.00 RESOLUTION NO. 81- 30
A RESOLUTION APPROPRIATING THE NECESSARY FUNDS FOR THE
IMPROVEMENT OF THE ILLINOIS ROUTE 83 AND CHECKER DRIVE/
BUSCH ROAD INTERSECTION IMPROVEMENT.
WHEREAS, the Village of Buffalo Grove has entered
into an Agreement with the State of Illinois for the instal-
lation of traffic control signals at the intersection of
Illinois Route 83 at Busch-Checker Drive, known as STATE
Section 44TS (81) and as VILLAGE Section 81-00027 -00-TL, and;
WHEREAS, in compliance with the aforementioned
Agreement , it is necessary for the Village to appropriate
sufficient Motor Fuel Tax Funds to pay its share of the cost
of said traffic signal improvements.
NOW, THEREFORE, BE IT RESOLVED that there is hereby
appropriated the sum of SIXTEEN THOUSAND AND NO/100 DOLLARS
($16 ,000 . 00) or so much thereof as may be neccessary, from
any money now or hereinafter allotted to the VILLAGE, under
provisions of the Motor Fuel Tax Law, to pay for its share
of the cost of these improvements as provided in this
Agreement, and;
BE IT FURTHER RESOLVED, that upon award of the
contract for this improvement the VILLAGE will pay to the
Department of Transportation of the State of Illinois , in a
lump sum from any funds allotted to the VILLAGE, under the
Motor Fuel Tax Law, an amount equal to 95% of its obligation
incurred under this Agreement , and will pay to the said
Department the remainder of its obligation (including any
non-participating costs for FA projects) in a lump sum,
upon completion of the project based upon final costs , and;
BE IT FURTHER RESOLVED, that the VILLAGE agrees to
pass a supplemental resolution to provide necessary funds for
its share of the cost of this improvement if the amount
appropriated herein proves to be insufficient to cover said
cost.
Passed this 15th day of June , 198 1 •
AYES 5 - Marienthal , Stone, STATE OF ILLINOIS )
O'Reilly, 8ar-scheln, VILLAGE OF BUFFALO GROVE) SS
NAYES 0 - None COUNTY OF LAKE )
ABSENT 1 Schwartz I , Janet M. S i rab.i an
Clerk in and for the Village of
Buffalo Grove , hereby cerify the
foregoing to be a true , perfect ,
and complete copy of a resolution
adopted by the Village Board at a
meeting on June 15 A.D. ,
1981 .
APPROVED: IN TESTIMONY WHEREOF, I have here-
unto set my hand and seal this
ILLINOIS DEPARTMENT OF 15th day of June A.D. , 1981 .
TRANSPORTATION
District Engineer Clerk
S E. A-L