ACTION REQUESTED:
Title
NEW COMMUNICATION with Correction to Item A Federal Funding Amount: Communication from the City Manager and Director of Public Works with a Request to Approve the Following Items Related to the PIONEER PARKWAY EXTENSION PROJECT (Radnor Road to Allen Road) [District 5]:
A. AMENDMENT #1 to LOCAL AGENCY AGREEMENT #12-280-B with the Illinois Department of Transportation for Federal Participation to Request 80% Federal Funding ($1,176,000.00 Correction: $1,760,000.00) and 20% Local Share ($440,000.00) for LAND ACQUISITION EFFORTS for the Project, Subject to Review and Approval by IDOT; and
B. MFT RESOLUTION, in the Amount of $200,000.00, to Support the Additional Local Share in the Amended Agreement Set Forth in Item A.
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BACKGROUND: The planning for the extension of Pioneer Parkway began in 2001. The total estimated project cost for the new roadway from Allen Road to Trigger Road is $75 million. On May 17, 2012, the Illinois Department of Transportation (IDOT) granted Design Approval for the Pioneer Parkway Extension Project segments of Radnor Road to Allen Road, and from Trigger Road to Wood Sage Road. On February 11, 2014 IDOT approved the Local Agency Agreement to purchase right of way for the extension of Pioneer Parkway from Allen Road to Radnor Road.
The estimates for right of way purchase costs were prepared in 2012. Since then, appraisals have been completed. In general, the appraisals were higher than the original estimates. The proposed amendment reflects the current appraised value of the twenty-two parcels needed for the extension of Pioneer Parkway from Allen Road to Radnor Road.
Through the assistance of then Congressman Ray LaHood and Representative David Leitch, the City is using two federal grants in the amounts of $1,000,000 and $1,600,000 to support 80% of the eligible costs for the overall project. The grants will provide 80% of the cost for the land purchases. Recently, the City submitted an a...
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