Title
Resolution accepting grant award and authorizing an emergency appropriation for Park City Stormwater Projects in the amount of $2,600,000 and funded by the IL Department of Commerce and Economic Opportunity (DCEO) in Fund 743 Lake County Regional Stormwater Management Projects Fund.
Staff Summary
* $2,600,000 was appropriated in Public Act 102-0017 for Park City Stormwater Projects in Lake County, to be awarded by the Department of Commerce and Economic Opportunity (DCEO). Thus far, DCEO has awarded a grant of $2,600,000 of the total appropriated funding for Park City Stormwater Projects to Lake County Stormwater Management Commission.
* No additional local match is required by DCEO, however additional funding will be provided by project partner to reimburse the Stormwater Management Commission for project administration. An emergency appropriation is needed as the funds from this grant are not included in the current fiscal year budget.
* The grant period is September 1, 2023 through August 31, 2025.
* Lake County Stormwater Management Commission will administer the grant, spend appropriated funds and execute any and all agreements with partners related to this allocation and distribution of DCEO Funds for Lake County Regional Stormwater Management Projects PC.
Body
RESOLUTION
WHEREAS, Lake County has received a Grant Agreement for $2,600,000 from the Department of Commerce and Economic Opportunity for Park City Stormwater Management Projects; and
WHEREAS, the Fiscal Year (FY) 2023 Budget does not include the full amount necessary for the services provided in FY 2023; and
WHEREAS, an emergency appropriation in an amount of $2,600,000 is necessary for FY 2023 to accept grant revenue and provide for payment of services provided.
NOW, THEREFORE, BE IT RESOLVED, by this Lake County Board, that an emergency appropriation in the amount of $2,600,000 is hereby authorized in the FY 2023 budget in Fund 743 Lake County Regional Stormwater Management Projects PC...
Click here for full text