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Resolution 2018-09 Resolution No.2018- A RESOLUTION OF THE UNITED CITY OF YORKVILLE, ]KENDALL,ILLINOIS, ESTABLISHING FUNDING FOR THE STATE OF ILLINOIS INTERGOVERNMENTAL AGREEMENT WHEREAS, the United City of Yorkville (the "City") has entered into an AGREEMENT with the State of Illinois for the improvement of Illinois Route 71, from Illinois Route 47 to the east of Illinois Route 126, known as State Section (1)R,I, Job No. C-93-017-14 and Contract No. 66D24; and, WHEREAS, in compliance with the aforementioned AGREEMENT, it is necessary for the City to appropriate sufficient funds to pay its share of the cost of said improvement. NOW THEREFORE, BE IT RESOLVED, by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, that there is hereby appropriated the sum of four hundred thirty five thousand, eight hundred fifty Dollars ($435,850.00) or so much thereof as may be necessary, from any money now or hereinafter allotted to the City to pay its share of the cost of this improvement as provided in the AGREEMENT. BE IT FURTHER RESOLVED, that the City agrees upon receipt of the first and subsequent progress payments made to the Contractor, the City will pay to the State from any funds allotted to the City, an amount equal to the City's share $440,000 divided by the estimated construction costs, $17,000,000 multiplied by the actual progress payment made to the Contractor until the entire obligation incurred under the Agreement has been paid. BE IT FURTHER RESOLVED, that the City agrees to pass a supplemental resolution to provide any necessary funds for its share of the cost of this improvement if the amount appropriated herein proves to be insufficient, to cover said cost. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of t , 2018 CITY CLERK Resolution No.2018- 0 7 Page 1 CARLO COLOSIMO KEN KOCH JACKIE MILSCHEWSKI ARDEN JOE PLOCHER CHRIS FUNKHOUSER JOEL FRIEDERS 1 SEAVER TARULIS ALEX HERNANDEZ Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois,this I day of AVCH ,2018 Gary J. olinski, Mayor STATE OF ILLINOIS COUNTY OF KENDALL I, Beth Warren, City Clerk in and for the United City of Yorkville hereby certify the foregoing to be a true and complete copy of this Resolution adopted by the-President and at a meeting on Fc-6P-U0',1 o?7 , 2018. MAt(o 2 C t-rY C001'Xi L- IN IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this day of M"Clq 18. &7� Beth Warren, City Clerk (SEAL) Resolution No.2018-_q Page 2