HomeMy Public PortalAboutResolution 1785 FUNDING RESOLUTION NO. 1785
WHEREAS, the VILLAGE OF PLAINFIELD has entered into an AGREEMENT with the
STATE OF ILLINOIS (STATE) for the improvement of IL Route 59, known as State Section
2019-147-TS&SW and
WHEREAS, in compliance with the aforementioned AGREEMENT, it is necessary for
the VILLAGE to appropriate sufficient funds to pay its share of the cost of said improvement.
NOW THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of
Fifty One Thousand Eight Hundred and Thirty One Dollars ($51,831.00) or so much thereof as
may be necessary, from any money now or hereinafter allotted to the VILLAGE to pay its share
of the cost of this improvement as provided in the AGREEMENT; and
BE IT FURTHER RESOLVED, that upon award of the contract for this improvement, the
VILLAGE will pay to the STATE in a lump sum from any funds allotted to the VILLAGE an
amount equal to 80% of its obligation incurred under this AGREEMENT, and will pay to said
STATE the remainder of the obligation in a lump sum, upon completion of the project based on
final costs.
BE IT FURTHER RESOLVED, that the VILLAGE agrees to pass a supplemental
resolution to provide any necessary funds for its share of the cost of this improvement if the
amount appropriated herein proves to be insufficient, to cover said cost.
STATE OF ILLINOIS )
VILLAGE OF PLAINFIELD )
I,Michelle Gibas, VILLAGE Clerk in and for the VILLAGE OF PLAINFIELD hereby certify the
foregoing to be a true perfect and complete copy of the resolution adopted by the VILLAGE OF
PLAINFIELD Board at a meeting on June 15, 2020 A.D.
IN TESTIMONY WHEREOF, I have hereunto set my hand seal this 15th day of June, 2020 A.D.
•
Village Clerk
(SEAL)