R97-99 AUTHORIZING AGREEMENT - Laserfiche WebLink

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EXHIBIT "A" WHEREAS, the City of Decatur has entered into an Agreement with the State of Illinois for the modernization of traffic signals at intersections of Franklin Street (FAP Route 710 Alt.) and Main Street (FAP Route 710) with North Street and Wood Street, known as State Section (48Z-3) TS-4, TS-5; and, WHEREAS, in compliance with the aforementioned Agreement, it is necessary for the City to appropriate sufficient funds to pay its share of the cost of said improvement. NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of Six Thousand Five Hundred Dollars ($6,500.00) or so much thereof as may be necessary, from any money now or hereinafter allotted to the City to pay its share of the cost of the installation of traffic signal as the Agreement; and, BE IT FURTHER RESOLVED, that upon award of the contract for this improvement, the City will pay to 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-participating costs on FAP Projects) in a lump sum, upon completion of the project based upon final costs. BE IT FURTHER RESOLVED, 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. STATE OF ILLINOIS ) ' ) SS COUNTY OF MACON ) I, Celeste F. Harris, City Clerk in and for the City of Decatur, hereby certify the foregoing to be a true perfect and complete copy of the resolution adopted by the City Council at a meeting on July 7, 1997. In testimony whereof, I have hereunto set my han nd seal this 24t day of uly, 1997. � �� .� �2�� CITY C ERK