R2023-96 Resolution Authorizing a Joint Funding Agreement for Construction of the Brush College Road Grade Separation of Faries Parkway

Home Browse Search

Illinois. llinois Department Joint Funding Agreement of Transportation for Construction Work LOCAL PUBLIC AGENCY Local Public Agency County Section Number City of Decatur Macon -BR��] Fund Type ITEP SRTS HSIP Numbers MPO Name MPO TIP Number NHFP/GCPF/STATE N/A DUATS _11DEC 19-09 Construction State Job Number Project Number C-97-106-21 3ELT(222) ® Construction ® Construction Engineering ❑ Utilities ® Railroad Work This Agreement is made and entered into between the above local public agency, hereinafter referred to as the"LPA"and the State of Illinois, acting by and through its Department of Transportation, hereinafter referred to as"STATE". The STATE and LPA jointly propose to improve the designated location as described below. The improvement shall be consulted in accordance with plans prepared by, or on behalf of the LPA and approved by the STATE using the STATE's policies and procedures approved and/or required by the Federal Highway Administration, hereinafter referred to as"FHWA". LOCATION Stationing Local Street/Road Name Key Route Length From To Brush College Road FAU 7448 0.01 mi. 2.72 2.73 Location Termini Over Faries Parkway and Norfolk Southern Railroad Current Jurisdiction Existing Structure Numbers Add Location City of Decatur I N/A Remove PROJECT DESCRIPTION Construction of a grade crossing separation of Brush College Road over Faries Parkway and the Norfolk Southern Railroad LOCAL PUBLIC AGENCY APPROPRIATION -REQUIRED FOR STATE LET CONTRACTS By execution of this Agreement the LPA attests that sufficient moneys have been appropriated or reserved by resolution or ordinance to fund the LPA share of project costs.A copy of the authorizing resolution or ordinance is attached as an addendum. METHOD OF FINANCING -(State-Let Contract Work Only) Check One ❑ METHOD A-Lump Sum (80%of LPA Obligation ) Lump Sum Payment-Upon award of the contract for this improvement, the LPA will pay the STATE within thirty(30)calendar days of billing, in lump sum, an amount equal to 80%of the LPA's estimated obligation incurred under this agreement. The LPA will pay to the STATE the remainder of the LPA's obligation (including any nonparticipating costs)in a lump sum within thirty(30)calendar days of billing in a lump sum, upon completion of the project based on final costs. ❑ METHOD B- Monthly Payments of due by the of each successive month. Monthly Payments-Upon award of the contract for this improvement, the LPA will pay to the STATE a specified amount each month for an estimated period of months, or until 80%of the LPA's estimated obligation under the provisions of the agreement has been paid. The LPA will pay to the STATE the remainder of the LPA's obligation (including any nonparticipating costs)in a lump sum, upon completion of the project based upon final costs. ® METHOD C-LPA's Share BALANCE divided by estimated total cost multiplied by actual progress payment. Progress Payments-Upon receipt of the contractor's first and subsequent progressive bills for this improvement,the LPA will pay to the STATE within thirty(30)calendar days of receipt, an amount equal to the LPA's share of the construction cost divided by the estimated total cost multiplied by the actual payment(appropriately adjust for nonparticipating costs)made to the contractor until the entire obligation incurred under this agreement has been paid. Printed 05/03/23 Page 1 of 7 BLR 05310C(Rev.03/13/23)