R2000-66 APPROPRIATING FUNDS FOR AGREEMENT

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' Y , , r � RESOLUTION NO. R2000-66 RESOLUTION APPROPRIATING FUNDS FOR AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION FOR IMPROVEMENT OF NORTHBOUND U. S. ROUTE 51 & SOUTHBOUND U. S.ROUTE 51 WHEREAS, the City of Decatur has entered into an Agreement with the State of Illinois for improvement of a portion on Northbound U. S. Route 51 (Alternate) and Southbound U. S. Route 51, known as State Section 48Z-3RS-1, SOZ (2RS-6, 3-RS-3); and WHEREAS, in compliance with the aforementioned Agreement, it is necessary for the City of Decatur to appropriate sufficient funds to pay its share of the cost of said improvements. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That there is hereby appropriated the sum of Six Thousand Three Hundred and Eighty Two Dollars and No Cents ($6,382.00) or so much thereof as may be necessary, from any money now or hereinafter allotted to the City to pay for its share of the cost of this improvement as described in the Agreement. Section 2. That upon award of the contract for this improvement, the City will pay the Department of Transportation of the State of Illinois in a lump sum from any funds allotted to the City, an amount equal to 95% of its obligation incurred under this Agreement, and will pay to the said Department the remainder of the obligation (including any non-participation costs of FAP projects) in a lump sum,upon completion of the project based upon final costs. Section 3. That the City agrees to pass a supplemental resolution to provide necessary funds for its share of the cost of this improvement if the amount appropriated herein proves to be insufficient to cover said cost.