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REGElVEC <br />5 1988 <br />AGREEMENT <br />ELK GROVE VILLAGE <br />ENGINEEKING DEPARTMENT. <br />This agreement entered into this day of A.D., <br />19 , by and between the STATE OF ILLINOIS, acting by and through <br />its Department of Transportation, hereinafter called the STATE, and <br />E1K Grove Village, of Cook County, of the State of Illinois, <br />hereinafter called the VILLAGE. <br />WITNESSETH: <br />WHEREAS, the STATE, in order to facilitate the free flow of <br />traffic and insure safety to the motoring public, is desirous of <br />improving the intersection of IL Rte 83 (Busse Rd) @ Howard Street <br />by installing traffic control signals (to be known as STATE Section <br />540TS-87 and as VILLAGE Section 88 -00032 -00 -TL), by installing <br />coordination equipment, i.e. time base coordinator compatible with <br />the existing signal system on IL Route 83 (Busse Rd), and by <br />performing all other work necessary to complete the improvement in <br />accordance with the plans and specifications; and, <br />WHEREAS, the STATE'S traffic signal improvement on IL Rte 83 <br />(Busse Rd) @ Howard Street is in anticipation of the VILLAGE'S <br />intent to construct a fourth leg and appurtenant left turn lane at <br />said intersection; and, <br />WHEREAS, the roadwork revisions described above are to be <br />completed by the VILLAGE prior to the start of construction of the <br />STATES traffic signal improvement. Failure to do so will be cause <br />for the STATE to revise the traffic signal improvement to accomodate <br />the present intersection geometrics. All costs thereafter to modify <br />the new traffic signal installation due to roadwork intersection <br />revisions, will be the sole responsibility of the VILLAGE. <br />WHEREAS, the VILLAGE is desirous of said improvement in that <br />same will be of immediate benefit to the VILLAGE residents, and <br />permanent in nature; and, <br />WHEREAS, the intersection of IL Rte 83 (Busse Rd) @ Howard <br />Street lies within the corporate limits of the VILLAGE. <br />NOW THEREFORE, in consideration of the mutual covenants <br />contained herein, the parties hereto agree as follows: <br />1. The STATE agrees to prepare plans and specifications, receive <br />bids, award the contract, furnish engineering inspection <br />during construction, and cause the improvement to be built in <br />accordance with the plans, specifications, and contract. The <br />STATE also agrees to pay all construction and engineering <br />costs subject to reimbursement by the VILLAGE as hereinafter <br />stipulatea. <br />