Title
Joint resolution authorizing the execution of an intergovernmental agreement among Kane County, Will County and Lake County regarding the advance use of Federal Surface Transportation Program funds allocated by the Illinois Department of Transportation to the counties.
Staff Summary
· Surface Transportation Program-Counties (STP-C); SFY 2009 Advance Funding: Intergovernmental Agreement among Kane County, Will County and Lake County.
· Federal STP-C funds, allocated yearly by IDOT, are programmed by the counties of Kane, McHenry, Will and Lake and the counties need to accumulate an IDOT STP-C program balance to construct projects.
· Lake and Will counties have balances with IDOT of approximately $3 million each, while Kane County has a federally eligible project ready for the April letting. (Stearns Road).
· It is in best interests of all 3 counties to spend down the accumulated STP-C balances prior to the expiration of the current Federal Transportation Act (SAFE TEA-LU).
· The agreement provides for SFY 2009 STP-C advance funding for use by Kane County for its Stearns Road project.
· In return, Kane County’s future yearly IDOT STP-C allocations will be reallocated, over 5-years, to Lake and Will counties for their future projects.
· In the event that the next federal transportation act does not contain an equivalent county programmed STP-C program, then the Kane County pay back to Lake and Will counties will be by Kane County local funds.
Body
WHEREAS, Kane County, Will County McHenry County, and Lake County each receive an annual sub-allocation of STP-C funds from the Illinois Department of Transportation (IDOT); and
WHEREAS, Kane County, Will County, McHenry County, and Lake County are desirous to have IDOT obligate through authorization by the Federal Highway Administration their respective STP-C funds prior to the end of the federal fiscal year 2009 to avoid any rescission of STP-C funds; and
WHEREAS, Kane County, Will County, McHenry Count...
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