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RESOLUTION NO. R2001-234 <br /> RESOLUTION APPROPRIATING FUNDS FOR <br /> AGREEMENT WITH <br /> ILLINOIS DEPARTMENT OF TRANSPORTATION <br /> FOR HUBBARD AVENUE/REA'S BRIDGE ROAD CONNECTOR <br /> WHEREAS, this resolution authorizes the City of Decatur to enter into an Agreement <br /> with the State of Illinois for the Hubbard Avenue/Rea's Bridge Road Connector,known as State <br /> Section 00-09227-00 PV; and <br /> WHEREAS, in compliance with the aforementioned Agreement, it is necessary for the <br /> City of Decatur to appropriate sufficient funds to pay its share of the cost of said improvements. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That there is hereby appropriated the sum of Eight hundred twenty-three <br /> thousand and no cents ($823,000.00) or so much thereof as may be necessary, from any money <br /> now or hereinafter allotted to the City to pay for its share of the cost of this improvement as <br /> described in the Agreement. <br /> Section 2. That upon receipt of the contractor's first and subsequent progressive bills for <br /> this improvement, the City will pay to the Department of Transportation of the State of Illinois, <br /> an amount equal to the City's share of the construction cost divided by the estimated total cost, <br /> multiplied by the actual payment (appropriately adjusted for nonparticipating costs) made to the <br /> contractor until the entire obligation incurred under this Agreement has been paid. <br /> Section 3. That the Mayor and City Clerk be, and they are hereby, authorized and <br /> directed to sign, seal and attest said agreements on behalf of the City. <br /> PRESENTED and ADOPTED this 17th day of December, 2001. <br /> . WLEY, YOR <br /> ATTEST: <br /> -�-�� �� ��%i��� <br /> CELESTE F. HARRIS, CITY CLERK <br />