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R97-10 AUTHORIZING AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION
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R97-10 AUTHORIZING AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION
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4/19/2016 4:05:11 PM
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4/19/2016 4:05:11 PM
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Resolution/Ordinance
Res Ord Num
R97-10
Res Ord Title
AUTHORIZING AGREEMENT WITH ILLINOIS DEPARTMENT OF TRANSPORTATION FOR TRAFFIC SIGNAL MODERNIZATION AT THE INTERSECTIONS OF ELDORADO ST. WITH OAKLAND AVE., MONROE ST., AND MARTIN LUTHER KING, JR. DR.
Approved Date
1/21/1997
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WHEREAS, the CITY is desirous of said improvement in that same will be of <br /> immediate benefit to the CITY's residents and permanent in nature; <br /> NOW, THEREFORE, in consideration of the mutual covenants contained herein, the <br /> parties hereto agree as follows: <br /> 1. The STATE agrees to make the surveys, obtain all necessary rights-of_way, <br /> prepare plans and specifications, receive bids and award the contract, furnish <br /> engineering inspection during construction and cause the improvement to be - <br /> built in accordance with the plans, specifications and contract. <br /> 2. The STATE agrees to pay all rights-of-way, constxuction and engineering costs, <br /> subject to reimbursement by the CITY as hereinafter stipulated. <br /> 3. It is mutually agreed by and between the parties hereto that the estimated costs <br /> and cost proration for this improvement is as follows: <br /> Federal � �1�X <br /> Location &- <br /> �y�e of Work Cost �. Cost � Cost � TOTAL <br /> Oakland Avenue <br /> Traffic Signals $ 22,500 90 $ 1,250 5 $ 1,250 5 $ 25,000 <br /> Monroe Street <br /> Traffic Signals $22,500 90 $ 1,250 5 $ 1,250 5 $ 25,000 <br /> Martin Luther King Dr. <br /> Traffic Signals $ 22,500 90 $ 1,250 5 $ 1,250 5 $ 25,000 <br /> Sub-Total $ 67,500 $ 3,750 $ 3,750 $ 75,000 <br /> P & C Eng. (15%) _lY1B� $10,6gg $ 562 �, 11,250 <br /> TOTAL $ 67,500 $14,438 $ 4,312 $ 86,250 <br /> Participation and reimbursement shall be predicated on the percentages shown above for the <br /> specified work. Cost shall be determined by multiplying the final quantities times contract unit <br /> prices plus 15% for construction and preliminary engineering. The CITY's participation <br /> toward the traffic signals at Oakland Avenue, Monroe Street, and Martin Luther King Drive <br /> shall not exceed $1,796.87, $1,796.87, and $1,796.87 respectively, which represents 125% of <br /> their estimated construction and engineering costs. <br /> sjtl <br /> 2 <br />
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