Title
Approval of an Intergovernmental Agreement third amendment between the SMC and Village of Libertyville for Rockland Road corridor and Highlands subdivision phase 1 & 2 flood reduction projects (DCEO Round 1) with a PEM value of up to $858,892.04.
Staff Summary
• Originating IGA amount of grant contribution is $7,641,377 and required project expense match value is $616,992.
• First Amendment extended the agreement date.
• Second Amendment increased amount of grant contribution to $8,250,000 and required project expense match $837,553.
• Third Amendment increases amount of grant contribution to up to $8,416,386.51 and the required project expense match up to $858,892.04 based on final expenditures.
• SMC staff recommends amending the intergovernmental agreement with the Village of Libertyville for DCEO Round 1 funding.