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2020-51 - AUTHORIZING SUBMITTAL OF A GRANT APPLICATION FOR ILLINOIS TRANSPORTATION ENHANCEMENT PROGRAM FUNDS FOR BERNARD DRIVE BIKE PATH - 11/02/2020 RESOLUTION NO.2020-51 A RESOLUTION AUTHORIZING SUBMITTAL OF A GRANT APPLICATION FOR ILLINOIS TRANSPORTATION ENHANCEMENT PROGRAM FUNDS FOR BERNARD DRIVE BIKE PATH WHEREAS,federal grant funding is available through the Illinois Transportation Enhancement Program (ITEP) administered by the Illinois Department of Transportation;and WHEREAS,these ITEP funds are to be utilized to fund projects which enhance the transportation system by serving a transportation need or by providing a transportation use or benefit; and WHEREAS,the Village of Buffalo Grove has plans to construct a bike path along Bernard Drive from Arlington Heights Road to Buffalo Grove Road with a total project cost of$2,072,130; and WHEREAS,the proposed project is eligible for funding under ITEP. NOW,THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, ILLINOIS: THAT an application be made to the Illinois Department of Transportation for a financial assistance grant in the amount of$1,616,300,which is 78% percent of the total estimated cost, under the Illinois Transportation Enhancement Program for the purpose of funding the Bernard Drive Bike Path; and THAT the Village of Buffalo Grove will provide the 22% percent local matching funds in the amount of$455,830 for the proposed project;and THAT the President of the Village of Buffalo Grove is hereby authorized and directed to execute and submit on behalf of the Village of Buffalo Grove such application. AYES: 6—Stein, Ottenheimer,Weidenfeld,Johnson, Smith, Pike NAYES: 0—None ABSENT: 0—None PASSED: November, 2020 APPROVED: Novembers 2020 APPROVED: Beverly Suss ,Village President ATTEST: Janet Sirabian,Village Clerk