HomeMy WebLinkAboutRESOLUTIONS-1987-046-R-8746-R-87
& RESOLUTION
Authorizing the City Manager to Enter into an
Agreement with the State of Illinois,
Department of Transportation,
for the Funding and Construction of a Viaduct
under the CTA Elevated Tracks at Clark Street
WHEREAS, the State of Illinois, acting by and
through its Department of Transportation, has been authorized
to spend $2,250,000 for the construction of a viaduct under the
CTA elevated tracks at Clark Street; and
WHEREAS, it is necessary for the City of Evanston
to.enter into agreements with the State of Illinois to make it
possible for the State to expend said funds on said project; and -
• WHEREAS, the City of .Evanston has adopted a Tax
Increment Financing District (TIF) which has programmed TIF
funding of the Clark Street viaduct in the amount of $1.5
million and other related street, sewer and water improvements
in the amount of $4.0 million; and
WHEREAS, the current cost estimate of the viaduct
and related sewer,"water, and street construction is expected
to exceed the available State funding limit of $2.25 million by
$690,000;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF EVANSTON:
0 SECTION 1: That the City Manager of the City of
Evanston is hereby authorized and
directed to negotiate and enter into an agreement
with the State of Illinois Department of
•
Transportation to allow the Department to spend
$2.25 million for the construction of the Clark
Street viaduct and to award the construction
contract.
SECTION 2: That the Tax Increment Funds
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programmed for infrastructure
improvements, including the construction of the
Clark Street viaduct, in Ordinances 152-0-84,
153-0-84 and 154-0-84 which.define and establish
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i the TIF District, are hereby pledged and
appropriated in the amount necessary to pay those
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viaduct costs which exceed the $2.25 million
available from the State.
i SECTION 3: This resolution shall be in full force
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and effect from and after its passage
and approval in the manner provided by law.
M� o r
I1 Attest:
City' Clerk
Adopted August, 1987
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