ACTION REQUESTED:
Title
Communication from the City Manager and Interim Director of Public Works with a Request to APPROVE the Following RESOLUTIONS to Reconcile Completed City Projects as Part of the Illinois Department of Transportation’s Motor Fuel Tax Recurring Review:
A. MFT SUPPLEMENTAL RESOLUTION, in the Amount of $350,000.00, for Improvements to WILHELM ROAD, from ALLEN ROAD to NORTHTRAIL DRIVE;
B. MFT SUPPLEMENTAL RESOLUTION, in the Amount of $657,278.75, for Improvements to UNIVERSITY STREET from WINDOM to MACARTHUR;
C. OBLIGATION RETIREMENT RESOLUTION, in the Amount of $2,363,155.30, for CAMPUSTOWN BONDS UNIVERSITY STREET from WINDOM to MACARTHUR;
D. MFT SUPPLEMENTAL RESOLUTION, in the Amount of $200,000.00, for Improvements to UNIVERSITY STREET from W. FORREST HILL AVENUE to WAR MEMORIAL DRIVE;
E. MFT SUPPLEMENTAL RESOLUTION, in the Amount of $1,050,000.00, for Improvements to UNIVERSITY STREET from NEBRASKA AVENUE to FORREST HILL AVENUE;
F. MFT SUPPLEMENTAL RESOLUTION, in the Amount of $30,000.00, for Improvements to PIONEER PARKWAY from ALLEN ROAD to ILLINOIS ROUTE 91;
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BACKGROUND: Projects utilizing Motor Fuel Tax (MFT) Funds must follow policies of IDOT’s Division of Local Roads. One such policy is for MFT Sections to be reconciled upon completion of a project. IDOT is currently in the process of a required review of open MFT projects. Staff has be working with IDOT to reconcile a backlog of projects to be closed out. Supplemental Resolutions are required by IDOT to reconcile MFT projects that have exceeded their original project resolution totals.
FINANCIAL IMPACT: None. These funds were budgeted and expended in previous years. The Supplemental Resolutions and Retirement Resolution are required for project completion by IDOT.
NEIGHBORHOOD CONCERNS: N/A
IMPACT IF APPROVED: Staff will move forward with final reports required by IDOT for use of Motor Fuel Tax Funds.
IMPACT IF DENIED: Staff will not be able to complete final reports required by IDOT for use of Motor Fuel Tax Funds.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: Public Works