Title
Approval of an Intergovernmental Agreement between the SMC and the Village of Lake Zurich for the North Branch Buffalo Creek Improvements at Bristol Trails Park with a Project Expense Match (PEM) value of $49,548.90, subject to final legal review.
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 Lake Zurich in an amount not-to-exceed $374,349.48 for the North Branch Buffalo Creek Improvements at Bristol Trails Park.
• The Village of Lake Zurich will pay a Project Expense Match to SMC of $49,548.90 for administrative and engineering expenses related to the project.