99-51 Resolution No. 99-51
RESOLUTION
APPROPRIATING FUNDS FOR THE ILLINOIS ROUTE 19 IMPROVEMENT
WHEREAS, the City of Elgin has entered into an Agreement
with the State of Illinois for the improvement of Illinois
Route 19 , FAU Route 1321, known as State Section: 1996-002; 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 $887 ,225, or so much thereof as may be
necessary, from any money now or hereafter 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 Department of
Transportation of the State of Illinois, in a lump sum from any
funds allotted to the city, an amount equal to 95% of its
obligation incurred under this Agreement, and will pay to said
department the remainder of its obligation ( including any
nonparticipating costs for FA projects) in a lump sum, upon
completion of the project based upon final costs .
BE IT FURTHER RESOLVED that the City of Elgin 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.
s/ Kevin Kelly
Kevin Kelly, Mayor
Presented: February 24 , 1999
Adopted: February 24 , 1999
Vote: Yeas 6 Nays 0
Attest:
s/ Dolonna Mecum
Dolonna Mecum, City Clerk