File #: 24-2066    Version: 1 Name: Grant Award Acceptance Resolution for 88th Ave/Cork Ave (IL Competitive Freight)
Type: Grant Acceptance Resolution (Highway) Status: In Committee
File created: 3/13/2024 In control: Transportation Committee
On agenda: 4/18/2024 Final action:
Title: PROPOSED GRANT AWARD Department: Transportation and Highways Grantee: Cook County Grantor: Illinois Department of Transportation Request: Authorization to accept grant Purpose: Cook County received National Highway Freight Program (NHFP) funds totaling $13,443,680.00 for construction of 88th Avenue/Cork Avenue from Archer Ave to 81st Street. The project is advancing in coordination with IL Tollway and Village of Justice. Grant Amount: $13,443,680.00 Grant Period: 7 years from execution of the grant agreement Fiscal Impact: FY24 ($6,654,622.00) Non Capitalizable; FY24 ($2,218,207.00) Capitalizable; FY25 ($3,428,138.00) Non Capitalizable; FY25 ($1,142,713.00) Capitalizable Accounts: No cash match. 11900.1500.53814.560019. 11900.1500.53814.521536 Concurrences: The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any. Summary: The Department of Transportation and Highways respectfully requests approval ...
Indexes: JENNIFER (SIS) KILLEN, Superintendent, Department of Transportation and Highways

title

PROPOSED GRANT AWARD

 

Department:  Transportation and Highways

 

Grantee:  Cook County

 

Grantor:  Illinois Department of Transportation

 

Request: Authorization to accept grant 

 

Purpose:  Cook County received National Highway Freight Program (NHFP) funds totaling $13,443,680.00 for construction of 88th Avenue/Cork Avenue from Archer Ave to 81st Street. The project is advancing in coordination with IL Tollway and Village of Justice.

 

Grant Amount:  $13,443,680.00 

 

Grant Period:  7 years from execution of the grant agreement

 

Fiscal Impact:  FY24 ($6,654,622.00) Non Capitalizable; FY24 ($2,218,207.00) Capitalizable; FY25 ($3,428,138.00) Non Capitalizable; FY25 ($1,142,713.00) Capitalizable

 

Accounts: No cash match. 11900.1500.53814.560019. 11900.1500.53814.521536

 

Concurrences:

The Budget Department has received all requisite documents and determined the fiscal impact on Cook County, if any.

 

Summary:  The Department of Transportation and Highways respectfully requests approval of the proposed grant award acceptance. The grant is to accept NHFP grant award of $13,442,680 for 88th/Cork (19-W3019-00-PV) project construction

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