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2015-41 12/16/2015 RESOLUTION NO. 2015-41 A FUNDING RESOLUTION FOR IMPROVEMENTS AT DUNDEE ROAD AND BUFFALO GROVE ROAD WHEREAS, the VILLAGE OF BUFFALO GROVE (VILLAGE) has entered into an AGREEMENT with the STATE OF ILLINOIS (STATE) for the improvement of PAP Route 343, known as Illinois Route 68, Contract No. 60V98,State Section: 30 1N-2(12); and WHEREAS, in compliance with the aforementioned AGREEMENT, it is necessary for the VILLAGE to appropriate sufficient funds to pay its share of the cost of said improvement. NOW THEREFORE,BE IT RESOLVED, that there is hereby appropriated the sum of One Hundred Five Thousand Four Hundred Seventy Eight Dollars ($105,478.00) or so much thereof as may be necessary, from any money now or hereinafter allotted to the VILLAGE, to pay its share of the cost oft is improvement as provided in the AGREEMENT; and BE IT FURTHER RESOLVED, that upon award of the contract for this improvement,the VILLAGE will pay to the STATE in a lump sum from any funds allotted to the VILLAGE, an amount equal to 80% of its obligation incurred under this AGREEMENT, and will pay to said STATE the remainder of the obligation in a lump sum, upon completion of the project, based on final costs. BE IT FURTHER RESOLVED,that the VILLAGE agrees to pass a supplemental resolution to provide any necessary funds for its share oft e cost oft is improvement if the amount appropriated herein proves to be insufficient,to cover said cost. AYES: 6— Berman, Trilling, Stein, ❑ttenheirner, Weidenfeld, Johnson NAYES: 0 - one ABSENT: 0 -None PASSED: December 21, 2015.. APPROVED: December 21, 2015, APPROVE: (h4 AWA I iA Beverly Su man,Village President ATTEST: Janet M. Sirabian, Village Clerk STATE OF ILLINOIS ) COUNTY OF COOK) 1, Janet Sirabian, Village Clerk in and forte Village of Buffalo Grove hereby certify the foregoing to be a true perfect and complete copy oft e resolution adopted by the Village Board at a meeting on December 21, 2015A.D. IN TESTIMONY WHEREOF, I have hereunto set my hand seal this 21st day of December, 2015 A.D. 'N" A Clerk (SEAL) #655638 2 O O O O O O O LO O M O O O O O O O O I` Cn LO O O V O O O O U') v M M 0) CD O 66 CD CD r N r, r- ny J a> r O (O 64 r- r 69 �+ Q h r fA 64 Cf3 {0 ® 69 6R 60) =co m ~ U! .E r CD o U O W o 0 0 0 0 0 0 0 0 y0 o C > Q o a o 0 0` o 0 0 0 0 c C( Q Q Q O O O O O O O Q O O O O O O O _ g ® Z Z Z Z r r r r r r r U Q co o J O O LO � co M m W p m CD (6 r- 6"r_ N o U LL r,O 49 H3 W3 O W d � S U o y a U) U) a) L � ® a o o 0 0 0 0 0 0 0 `o CD > o` O O O O Q Q Q Q Q Q Q ) L U N N N N Z Z Z Z Z Z > CU CL eUV W a tl} C CD h O O O O CD w ,N C Z O N O 0 0 n } C Q V C5i Ch O N = L F r V!> 64 69 O Uf _ 0) O a W a C C ~ o O O O O Q Q Q Q Q Q Q a Q O O O O Z Z Z Z Z z z o C U O O O O c N W n O O 7 E CV) CD N v cn LL CD 61j, r CD W CL a CU � C CB o C ( m V) L 4ll O � C O Q U') .o •� O E F' a O Q ® w 4) a±. w U t17 ® U3 fl � LO LO m CD .r o u F r cu a >. Y m O CCJ3 t Cy C C' -0 c � ~ U `S 47 _ o } a) U7 0 °°-° a) J L '` a7 C73 c as � ns > C U®y c o O W w w U Z N O cn U Jp U p C) CU U O U > (.) O .r- CU 4 ® it F° J CL w a- X W 0- D >a- U) E