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PROPOSED RESOLUTION
TO AUTHORIZE THE DISTRICT TO INCREASE THE COSTS IN THE LOCAL AGENCY AGREEMENT FOR THE GOLFVIEW ROAD IMPROVEMENTS, ADJACENT TO THE NORTH PARKING LOT FOR THE BROOKFIELD ZOO
WHEREAS, on October 3, 2012, the Board of Commissioners of the Forest Preserve District of Cook County (the "District") passed a resolution, authorizing the District to enter into a Local Agency Agreement for Federal Participation ("Agreement") with the Illinois Department of Transportation ("IDOT") to pay 20% of the total construction costs and 20% of the total Phase III Construction Engineering costs for the improvement of .475 mile of Golfview Road, adjacent to the north parking lot of the Brookfield Zoo (the "Project"), provided that such 20% share did not exceed $840,000.00; and
WHEREAS, on February 11, 2013, the District entered into the Agreement with IDOT for the Project; and
WHEREAS, due to field conditions, the total construction costs will exceed the amount estimated in the Agreement by a total of $419,502.00 ("Additional Costs"); and
WHEREAS, under the terms of the Federal Highway Authority High Priority Project Funding, by which IDOT is funding 80% of the costs under the Agreement, IDOT will pay $218,664.00 of the Additional Costs, which will bring the amount of HPP funding to the maximum approved by the Federal Highway Authority, and the District will pay $200,838.00 of the Additional Costs (the "District's Additional Share"); and
WHEREAS, pursuant to the Funding Agreement, dated October 12, 2012, between the District and the Chicago Zoological Society ("CZS"), CZS will provide to the District all funds necessary under the Agreement to pay the District's 20% share of construction costs, including the District's Additional Share;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Commissioners of the Forest Preserve District of Cook County hereby authorizes the District to pay the District's Additional Share of $200,338.00, which will b...
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