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HomeMy WebLinkAboutRESOLUTIONS-2001-048-R-0106/05/2001 • 48-R-01 A RESOLUTION Authorizing the City Manager to Sign a Joint Agreement for the Ridge Avenue Signal Interconnect Project and to Allocate $267,000 From General Obligation Bond Funds For the Construction and Construction Engineering For the Ridge Avenue Project WHEREAS, the Federal Highway Administration ("FHWA") has approved funding for the Ridge Avenue Signal Interconnect Project ("Ridge Avenue Project"); and WHEREAS, the total cost of the Ridge Avenue Project is $1,976,000; and WHEREAS, FHWA has allocated to the City of Evanston $1,559,,000 for the Ridge Avenue Project; and WHEREAS, $150,000 for the Ridge Avenue Project is provided by MFT funds; and WHEREAS, the City of Evanston is responsible for the remaining cost of $267,000; and WHEREAS, the remaining cost of $267,000 for the Ridge Avenue Project, will be financed through General Obligation Bond funds; and WHEREAS, the City Council has determined that it is in the best interest of the City to enter a Joint Agreement for the Ridge Project; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, as follows: n U SECTION 1: That the City Manager is hereby authorized to sign the Joint Agreement for the Ridge Avenue Signal Interconnect Project. • SECTION 2: That the sum of $267,000 from General Obligation Bond Funds is allocated for the construction and construction engineering for the Ridge Avenue Project. SECTION 3: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. Lorraine . Morton, Mayor ATTEST: ity Clerk Adopted: // , 2001 • • -2-