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1993-02i RESOLUTION NO. 93- Z A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE VILLAGE OF BUFFALO GROVE, THE VILLAGE OF LINCOLNSHIRE AND THE VILLAGE OF VERNON HILLS CONCERNING THE BUFFALO GROVE ROAD /PRAIRIE ROAD (PORT CLINTON ROAD TO U.S.ROUTE 45) STREET ALIGNMENT WHEREAS, the Village of Buffalo Grove, the Village of Lincolnshire and the Village of Vernon Hills have reviewed transportation plans and studies which indicate that it is desirable to develop a north /south arterial street corridor along the Buffalo Grove Road and Prairie Road alignments between Port Clinton Road and U.S.Route 45 so as to connect with northerly and southerly existing and proposed extensions of this north /south arterial street corridor; and, WHEREAS, discussions concerning potential funding of improvements along this corridor have been initiated with the Lake County Division of Transportation; and, WHEREAS, it is desirable to establish documentation of identified desirable alignments and general characteristics of corridor improvements and right -of -way so as to accommodate high quality planning for private development along the corridor; NOW, THEREFORE, BE IT RESOLVED by the Village President and Board of Trustees of the Village of Buffalo Grove, Lake and Cook Counties, Illinois as follows: 1. The attached agreement entitled, "An Agreement Between The Village of Buffalo Grove, The Village of Lincolnshire And the Village of Vernon Hills Concerning The Buffalo Grove Road /Prairie Road (Port Clinton Road To U.S. Route 45) Street Alignment" is hereby approved subject to the adoption of the agreement by the corporate authorities of the Village of Lincolnshire and the Village of Vernon Hills. -2- 2. Following the acceptance of the agreement by the Village of Lincolnshire and the Village of Vernon Hills, the Village President and the Village Clerk are authorized and directed to execute the agreement. A copy of said agreement is attached hereto and made a part hereof. AYES: 5.- Reid, Kahn, Rubin, Braiman, Hendricks NAYES: 0 - None ABSENT: 1 - Marienthal PASSED: January 18 1993 APPROVED: January 18 1993 ATTEST: Vil e Clerk G92C111