R2008-34 APPROVING LOCAL AGENCY AGREEMENT

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grant funds from the Eldorado Streetscape project to the West Main Streetscape Project. Seeing as how this was prior to Millikin receiving its grant and we've been working with Millikin and local residents for some time now on West Main, we thought that that project had received adequate funding until recent IDOT safety additions were required and, as such, had allocated the other grant to the Eldorado Streetscape Project. We can, however, request that the Illinois Department of Transportation reallocate sufficient federal funds from the Eldorado Streetscape Project to the West Main Streetscape Project to limit the City's cost to no more than 20% of design and construction costs. The City's share of the project cost would come from a short term line of credit that will be reimbursed with Olde Towne TIF funds. Under the second alternative, payment would be as follows: Alternate B West Main /Millikin Streetscape Improvement Project Fundin Summa Millikin and Cost Item Eldorado-Main City Share Total Grant Share Design $198,872 $49,718 $248,590 Construction $1,664,000 $416,000 $2,080,000 Total �1,862,872 $465,718 $2,328,590 ' Actual costs including the City's share may vary depending upon the bid prices which may be greater than the engineer's estimate. A copy of past council items and other information is attached. BACKGROUND: Since 2005, staff has been working with Millikin University on a co-operative project to make streetscape improvements to portions of West Main, Oakland Avenue and Fairview Avenue in the vicinity of the University campus. The goal of the project is to improve pedestrian safety and enhance the aesthetics of the streets around the Millikin University campus. There are four main elements of the West Main-Millikin Streetscape Improvement Project. Plans for the project showing the main elements have been provided to Council. These elements and costs include the following items: 1. Campus Pedestrian Safety Improvements- $I,120,890 • West Main Street Mid-Block Crossings o Pedestrian safety fencing and safety bollards o Narrow pedestrian crossing distance by the elimination of middle turn lane o Overhead lighting for the crosswalk and approaching sidewalk o Differentiation in interlocking brick paver color • Fairview Avenue Mid-Block Crossing o Pedestrian safety fencing and safety bollards o Addition of pedestrian median for mid-block crosswalk o Overhead lighting for the crosswalks and approaching sidewalks Page � 2