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R95-133 AUTHORIZING AGREEMENT AIRPORT PLAZA JOINT VENTURE
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R95-133 AUTHORIZING AGREEMENT AIRPORT PLAZA JOINT VENTURE
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7/8/2016 2:18:01 PM
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7/8/2016 2:18:01 PM
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Resolution/Ordinance
Res Ord Num
R95-133
Res Ord Title
AUTHORIZING AGREEMENT AIRPORT PLAZA JOINT VENTURE - AIRPORT PLAZA ADDITION
Approved Date
9/11/1995
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�� <br /> . • •. . ` • <br /> west end of Lot 4 of Airport Plaza Addition and to install <br /> � traffic control signals at said intersection in accordance with <br />, the plans and specifications approved by the Illinois Department <br /> of Transportation and the City of Decatur. Developer further <br /> agrees to construct Airport Plaza Drive in accordance with the <br /> plans and specifications approved by City and to dedica�e said <br /> roadway to the C�ty of Decatur upon completion. The cost of <br /> constructing Airport Plaza Drive, the acceleration and <br /> deceleration lanes on Route 36 and the necessary traffic �control <br /> signals at said intersection shall be paid for solely by <br /> Developer and is estimated to be in excess of $600,000 . 00 . <br /> ( 2) Developer agrees to widen Maryland Road from its <br /> intersection with Illinois Route 121 West to the west line of Lot <br /> 4 of Airport Plaza Addi�ion, including construetion of the <br /> sanitary sewer, curbs, curbcuts and sidewalks as may be required <br /> by the City of Decatur. Developer has submitted to the City of � <br /> Decatur its engineer' s estimates for the cost of said <br /> construction, including. the extension of Maryland Road west of <br /> the west line of Lot 4 as requested by the City of Decatur. City <br /> agrees to pay one-half of the cost of roadway improvements <br /> constructed west of the west line of Lot 4 and one-Fialf of the <br /> remaining cost of widening Maryland Road east to Route 121, <br /> pursuant to the approved plans and specifications, with the cost <br /> to the City not to exceed $277 ,198 . 00, based upon the engineer' s <br /> estimates of cost, whi�h estimate includes the cost of right-of- <br /> 2 <br />
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