TO: Mayor and City Council
FROM: Allison Swisher, Director of Public Utilities
SUBJECT:
title
Resolution Amending Three Agreements Between the City of Joliet and Will County for American Rescue Plan Act Funded Projects
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BACKGROUND:
The City of Joliet has received American Rescue Plan Act (ARPA) funds for three City of Joliet projects: $2,055,000 for the Fairmont Extension Project, $500,000 for the Rosalind Culvert Project, and $3,280,000 for the Southeast Joliet Sanitary District Water Main Improvements Project. The Fairmont Extension Project and the Rosalind Culvert Project were completed under budget, allowing for the remaining, unused balances for each project to be reallocated to the Southeast Joliet Sanitary District (SEJSD) Project. The changes are as follows:
Fairmont Extension Project
The Fairmont Extension Project will be amended to close the agreement at the actual spent amount of $1,294,396.72, compared to the original allocation of $2,055,000.00. The remaining $760,603.28 in unused funds will be reallocated to the Southeast Joliet Sanitary District (SEJSD) Project.
Rosalind Culvert Project
The Rosalind Culvert Project will be amended to close the agreement at the actual spent amount of $434,041.18, compared to the original allocation of $500,000.00. The remaining $65,958.82 in unused funds will also be reallocated to the SEJSD Project.
Southeast Joliet Sanitary District (SEJSD) Project
The SEJSD Project will be amended to incorporate the total reallocated funds of $826,562.10 from the Fairmont Extension and Rosalind Culvert projects. These funds will be added to the original project amount of $3,280,000.00, resulting in a revised total project amount of $4,106,562.10.
The Public Service Committee will review this matter.
RECOMMENDATION:
recommendation
Staff recommends that the Mayor and City Council approve a Resolution Amending Three Agreements Between the City of Joliet and Will County for ARPA funded City of Joliet Projects.
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