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HomeMy WebLinkAbout20-71 Resolution No. 20-71 RESOLUTION APPROVING FUNDING FOR THE IMPROVEMENT REPAIRS OF IL ROUTE 31 WITH THE STATE OF ILLINOIS ACTING BY AND THROUGH ITS DEPARTMENT OF TRANSPORTATION WHEREAS, the CITY OF ELGIN (CITY) has entered into an AGREEMENT with the STATE OF ILLINOIS (STATE) for the improvement of IL Route 31, known as State Section 2019-198-RS&SW; and WHEREAS,in compliance with the aforementioned AGREEMENT, it is necessary for the CITY 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 Fourteen Thousand Nine Hundred and Fifty Dollars ($14,950.00) or so much thereof as may be necessary, from any money now or hereinafter allotted to the CITY to pay its share of the cost of this improvement as provided in the AGREEMENT. BE IT FURTHER RESOLVED, that upon award of the contract for this improvement,the CITY will pay to the STATE in a lump sum from any funds allotted to the CITY 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 CITY agrees to pass a supplemental resolution to provide any necessary funds for its share of the cost of this improvement if the amount appropriated herein proves to be insufficient, to cover said cost. s/David J. Kaptain David J. Kaptain, Mayor Presented: May 13, 2020 Adopted: May 13, 2020 Omnibus Vote: Yeas: 9 Nays: 0 Attest: s/Kimberly Dewis Kimberly Dewis, City Clerk STATE OF ILLINOIS ) CITY OF KANE ) I, Kimberly A. Dewis, CITY Clerk in and for the CITY OF ELGIN hereby certify the foregoing to be a true perfect and complete copy of the resolution adopted by the CITY OF ELGIN Board at a meeting on May 13, 2020, 2020 A.D. IN TESTIMONY WHEREOF, I have hereunto set my hand seal this �� day of 2020 A.D. Cler Gr � - C