5547 AUTHORIZING AGREEMENT STATE OF ILLINOIS - WOOD STREET

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.. � ' ' . 3.• Upon completion of the improvement and so long as the street is used as a CITY St�eet, the CITY agrees to maintain or cause. to be maintained the improvement in its entirety, and furnish the energy for the operation of all traffic signals. The STATE retains the right to control the sequence and timing of the traffic signals located on STATE maintained highways. 4. The CITY agrees to make the surveys, prepare plans and specifi- cations, furnish engineering inspection during construction and cause the . improvement to be built in accordance with the pians, specification and con- tract at no cost to the STATE. � , ► S. tt is mutuatly agreed by and between the parties hereto that the estimated cost of the improvement is as follows: , Construction Costs � $100,000 . Engineering Costs 12qo 12 000 TOTAL $)12,000 • 6. The CITY agrees to reimburse the STATE for 49.66% of all con- i struction costs for the proposed improvement. �, 7. ' The CITY has adopted and will p�t into effect, prior to the STATE'S advertising for the work to be performed hereunder, an ordinance requiring that parking be prohibited within the limits of this improvement, a copy of which is attached fie�eto as "Exhibit A." � 8. The CITY agrees to compty with all appl'icable Executive Orders and Federal Highway Acts pursesent ta the Equ�I Emnloyment OQF+ortunity and �ondiscrimination regulations required by the U.S. D�partment of Transpor- tation. . 9. Prior to the STATE advertising for work to be performed here- � under, the disposition of encroachments will be cooperaCively determined with the representatives form the CITY, the STATE and the Federal. Highway Administration. The CITY has adopted and wi11 put into effect, prior to the STATE'S advertising for the work to be perfo rn�ed hereunder, an appropriate o�dinance �2)