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PROPOSED INTERAGENCY AGREEMENT (TRANSPORTATION AND HIGHWAYS)
Department: Transportation and Highways
Other Part(ies): State of Illinois
Request: Authorization to enter into an interagency agreement
Description: This Economic Development Agreement is necessitated by the improvement and is needed to provide a safe and sustainable highway to accommodate increased truck and vehicular traffic associated with a new commercial development and supports development of the regional economy in accordance with the Department's mission statement.
Location: 151st Street, Vincennes Road to 2nd Avenue in the City of Harvey and the Village of Phoenix
County Board District: 5
Centerline Mileage: 0.30 miles
Agreement Period: N/A
Agreement Number(s): N/A
Fiscal Impact: $1,300,000.00 ($819,903.00 to be reimbursed from the State of Illinois
Accounts: Motor Fuel Tax Fund (600-585 Account)
Summary: This Economic Development Program Agreement between the State of Illinois and the County of Cook, wherein Cook County will be the lead agency to let, award a contract and supervise roadway reconstruction improvements including concrete curb and gutter removal and replacement, drainage additions and adjustments, pavement marking, signing and landscaping along 151st Street from Vincennes Road to 2nd Avenue, to be identified as Cook County Section: 13-23932-01-RP (estimated construction cost $1,300,000.00). The State will pay for a maximum $819,903.00 of the project construction costs and the County of Cook will be responsible for the remaining balance, an estimated $480,097.00. Further, this Department is coordinating with the Cook County Bureau of Economic Development for the allocation of $450,000.00 from the CDBG program toward this improvement.
The Agreement has been examined and approved by this Department
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