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HomeMy WebLinkAboutRESOLUTION - 12-03 - 2/11/2003 - ADVANCED FUNDING FOR STP FUNDSRESOLUTION NO. 12-03 A RESOLUTION APPROVING ADVANCED FUNDING FOR STP FUNDS RELATED TO THE FINAL YEAR OF THE TRANSPORTATION EQUITY ACT FOR THE 21ST CENTURY (TEA 21) NERGE ROAD IMPROVEMENTS (ROHLWING ROAD TO DEVON AVENUE) WHEREAS, the Village of Elk Grove Village is a member of the Northwest Council of Mayors; and WHEREAS, the Village of Elk Grove Village has requested the approval of the Northwest Council of Mayors for the use of advance STP funds for the construction and construction engineering of the improvements to Nerge Road, Rohlwing Road to Devon Avenue; and WHEREAS, the Northwest Council of Mayors will adopt a resolution supporting and approving said request by the Village of Elk Grove Village for the use of advance STP funds; and WHEREAS, the Northwest Council of Mayors, as a member of the Chicago Area Transportation Study (CATS) Council of Mayors is governed by a policy, established by the Council of Mayors Executive Committee on February 25, 2002 on the use of advance STP funds in the final year of the Transportation Equity Act for the 21st Century (TEA 21) enacted in 1998; and WHEREAS, the policy requires a resolution from the Village of Elk Grove Village containing assurances that said advanced STP funds will be repaid to the CATS Councils of Mayors through the Illinois Department of Transportation within 6 months of the expiration of TEA 21 in the event that STP or other similar federal funds are not authorized beyond Federal Fiscal Year 2003. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board Of Trustees of the Village of Elk Grove Village, Cook County, and DuPage County, Illinois as follows: Section 1: That the foregoing recitals are hereby made a part hereof as if fully set forth. Section 2: That the Village of Elk Grove Village agrees to reimburse to the CATS Council of Mayors through the Illinois Department of Transportation by March of 2004 or thereafter as determined by the CATS Council of Mayors Executive Committee, the entire amount of advanced STP funds in the amount of $2,100,700 used for the improvements as heretofore described, in the event that locally programmed STP funds are not available to the Council of Mayors beyond Federal Fiscal Year 2003. Section 3: That a certified copy of the resolution shall be sent to CATS and IDOT. Section 4: That the Village Clerk is hereby authorized to publish this Resolution in pamphlet form. Section 5: That this Resolution shall be in full force and effect from and after its passage, approval and publication according to law. VOTE: AYES: 5 NAYS: 0 ABSENT: 1 PASSED this 11th day of February 2003 APPROVED this 11th day of February 2003 APPROVED: Craig B. Johnson, Mayor ATTEST: Ann I. Walsh Village Clerk PUBLISHED this 14th day of February 2003, in pamphlet form. AdvancedFundingResolutionNerge.STPFunds.doc