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The total cost of the proposed traffic signal improvement is estimated to be $128,800. Design <br /> and construction costs relative to this proposed project will be borne by the City ($6,360), State <br /> ($21,640) and Federal ($100,800) governments. <br /> The Agreement requires the City to pay up to 125% of its portion (5%) of the cost for the <br /> estimated construction and engineering costs for the improvement ($7,950). <br /> POTENTIAL OBJECTION: There are no known objections. <br /> INPUT FROM OTHER SOURCES: Illinois Department of Transportation <br /> STAFF REFERENCE: Matt Newell, City Engineer at 424-2747 <br /> The City Engineer, Matt Newell, will be in attendance at the City Council meeting to answer any <br /> questions of the Council on this item. <br /> BUDGET/TIME IMPLICATIONS: <br /> The City's resolution authorizes a Motor Fuel Tax expenditure of up to $7,950, or 125%, of the <br /> estimated project costs. <br /> Work is anticipated to commence this summer and be completed by spring 2005. <br /> attach: 4 <br /> cc: John Smith, Assistant City Manager of Public Services <br /> Phil Wilhem, Municipal Services Manager <br /> Dan Mendenall, Traffic &Parking Supervisor <br /> Page 2 <br />