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PROPOSED AGREEMENT FOR REIMBURSEMENT (TRANSPORTATION AND HIGHWAYS)
Department: Transportation and Highways
Other Part(ies): Wal-Mart Stores, Inc. Bentonville, Arkansas
Request: Approval of Proposed Agreement for Reimbursement
Goods or Services: Construction Improvements including installation of a new traffic signal system
Location: Lake Cook Road from Raupp Boulevard to Hastings Lane and at the Wal-Mart/Target Stores entrance, Village of Wheeling, Illinois
County Board District: 14
Section: 14-A5015-03-RP and 14-A5015-04-RP
Centerline Mileage: N/A
Agreement Period: One-time Agreement
Agreement Number(s): N/A
Fiscal Impact: $395,007.00 ($197,503.50 to be reimbursed from Wal-Mart Stores, Inc.)
Accounts: Motor Fuel Tax Account: 11300.1500.29150.560019
Summary: The Department of Transportation and Highways respectfully requests approval of the Proposed Agreement for Reimbursement between Cook County and Wal-Mart Stores, Inc The County will construct improvements along Lake Cook Road from Raupp Boulevard to Hastings Lane, including installation of new traffic signal system at the Wal-Mart/Target Stores entrance. Wal-Mart Stores, Inc. will reimburse the County for its share of improvement costs, which are estimated at $197,503.50.
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