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PROPOSED AGREEMENT FOR REIMBURSEMENT (TRANSPORTATION AND HIGHWAYS)
Department: Transportation and Highways
Other Part(ies): Target Corporation, Minneapolis, Minnesota
Request: Approval of the Proposed Reimbursement Agreement
Goods or Services: Construction Improvements, including installation of new traffic signal system at the Target/Wal-Mart Stores entrance
Location: Village of Wheeling, along Lake Cook Road from Raupp Boulevard to Hastings Lane
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 Target Corporation)
Accounts: Motor Fuel Tax: 11300.1500.29150.560019
Summary: The Department of Transportation and Highways respectfully requests approval of the Proposed Agreement for Reimbursement between Cook County and the Target Corporation, Minneapolis, Minnesota.
The County will construct improvements along Lake Cook Road from Raupp Boulevard to Hastings Lane, including installation of new traffic signal system at the Target/Wal-Mart Stores entrance. The Target Corporation will reimburse the County for its share of improvement costs. The estimated total Target Corporation share is $197,503.50.
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