R2000-34 AUTHORIZING LETTER OF INTENT

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' � The Honorable Terry Howley Page Three March 2, 2000 State Responsibilities: 1. The STATE shall provide written approval of the plans and specifications prior to the CITY advertising the project for letting. 2. The STATE will seek funding to reimburse the CITY for the costs of a portion of the improvement as noted below: • All work on US Route 51, except for Northbound right turn lane ' improvements into Ash Avenue; • All work on Ash Avenue west of US Route 51; • All work on the eastbound Ash Avenue through lanes, from the centerline of US route 51 to a point 509 feet East. Cost shall be determined by the final quantities times the contract unit prices. The maximum reimbursement shall be $652,000. Reimbursement will be contingent upon construction funding being available for this project. 3. Upon completion and final acceptance of the project, the STATE shall maintain, on US Route 51, the median, the four (4) through traffic lanes lying on either side of the median, and the left-turn and right-turn lanes, each lane being 12 feet and variable in width, and the curb and gutter adjacent to those traffic lanes and turn lanes. 4. Upon acceptance by the STATE of the traffic signal work included herein the responsibility for maintenance and energy shall continue to be as outlined in the Master Agreement executed by the STATE and the CITY on July 9, 1980. Reimbursement will be scheduled when funding becomes available. This LETTER OF INTENT will be the basis for a formal CITY-STATE agreement to be prepared by the STATE. Obligations of the STATE and CITY will cease immediately without penalty or further payment being required if, in any fiscal year, the Illinois General Assembly or Federal funding source fails to appropriate or otherwise make available funds for this contract.