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PROPOSED AGREEMENT (TRANSPORTATION AND HIGHWAYS)
Department: Transportation and Highways
Other Part(ies): State of Illinois Department of Transportation (IDOT)
Request: Approval of proposed Joint Funding Agreement for Construction Work
Goods or Services: Construction and Construction Engineering
Location: Village of Mount Prospect, Illinois
Section Number: 20-W7141-00-PV
County Board District: 9
Centerline Mileage: N/A
Agreement Period: One-time agreement
Agreement Number(s): N/A
Fiscal Impact: $15,827,279.00 ($1,116,279.00 to be reimbursed from the FHWA (Federal Highway Administration) Congressional Directed Spending Funds.
Accounts:
MFT: 11300.1500.29152.521536, ($14,711,000.00); 11300.1500.54673.560019 ($1,116,279.00)
Summary: The Department of Transportation and Highways respectfully requests approval of the proposed agreement between the County and the State of Illinois Department of Transportation. The County will be the lead agency for construction and construction engineering for improvements along Busse Road from Golf Road to Central Road. The FHWA will pay up to a maximum of $1,116,279.00 toward the project construction costs and, per the terms of the agreement, Cook County will be responsible for the remaining balance of construction and construction engineering costs, estimated at $14,711,000.00.
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