R-02-13 Approving Funding for Walker/McCarthy Road Project"EXHIBIT B" FUNDING
RESOLUTION NO R -2 -13
WHEREAS. the Village of Lemont has entered into an AGREEMENT with the STATE
OF ILLINOIS for the improvement of FAP Route 1587 (McCarthy Road at Walker Road) known
as State Section: 3098 -R; and,
WHEREAS, in compliance with the aforementioned AGREEMENT, it is necessary for
the VILLAGE to appropriate sufficient funds to pay its share of the cost of said improvement.
NOW THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of
Sixty -Eight Thousand Seven Hundred Seventy dollars or so much thereof as may be necessary,
from any money now or hereinafter allotted to the VILLAGE to pay its share of the cost of this
improvement as provided in the AGREEMENT; and
BE IT FURTHER RESOLVED, that upon award of the contract for this improvement, the
VILLAGE will pay to the STATE in a lump sum from any funds allotted to the VILLAGE, an
amount equal to 80% of its obligation incurred under this AGREEMENT, and will pay to said
STATE the remainder of the obligation in a lump sum, upon completion of the project based on
the final costs.
BE IT FURTHER RESOLVED that the VILLAGE agrees to pass a supplemental
resolution to provide any necessary funds for its share of the cost of this improvement if the
amount appropriated herein provides to be insufficient, to cover said cost.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF ELMONT, COUNTIES OF COOK, WILL AND DuPAGE, ILLINOIS, ON THE
14Th DAY OF JANUARY, 2013.
PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS: ABSENT: ABSTAIN
Debby Blatzer
Paul Chialdikas
Clifford Miklos
Ron Stapleton ✓
Rick Sniegowski
Jeanette Virgilio
President
ATTEST:
a G> w,e & .
U C11. NE A SMIOLUN
Village Clerk