Title
Approval of an Intergovernmental Agreement between the SMC and the Village of Wauconda for the Bangs Lake Outfall Improvement Project with a Project Expense Match (PEM) value of $266,386.93.
Staff Summary
• Funding for the intergovernmental agreement is included in Grant Agreement No. 24-413046 between Lake County and the Illinois Department of Commerce and Economic Opportunity (DCEO) that was executed December 15, 2024.
• This project was authorized by SMC for inclusion in DCEO-STOCIP Regional Stormwater Infrastructure Project Round 2 on September 5, 2024.
• The intergovernmental agreement will provide funding, on a reimbursement basis, to the Village of Wauconda in an amount not-to-exceed $2,729,654.00 for the Bangs Lake Outfall Improvement Project.
• The Village of Wauconda will pay a Project Expense Match to SMC of $266,386.93 for administrative and engineering expenses related to the projects.