Will County Accepts $140,000 Developer Donation for Road Improvements
Will County’s Public Works and Transportation Committee accepted a $140,143.90 donation from a developer in lieu of constructing traffic improvements along Laraway Road.
The donation comes from the Lakes Park subdivision development and will be used for county road improvements in the area, including left and right turn lanes that will serve the new subdivision.
Director of Transportation Jeff Ronaldson explained that when developers need traffic improvements but the county has its own construction project planned nearby, the county can accept a monetary contribution instead of having the developer build temporary improvements.
“When a development comes in and they need to do turn lanes or improvements along the roadway and we also have our own project coming along right around the corner, we don’t feel it is necessary for the left turn lane to be in while it’s being constructed,” Ronaldson said.
The Lakes Park development is located along Laraway Road in county board District 2. The donation amount represents 130% of the estimated construction cost, providing a contingency in case bids come in higher than expected.
Committee member Mark Revis questioned whether the county could negotiate for a higher percentage, but Ronaldson said 30% is the industry standard contingency.
The committee approved accepting the donation unanimously.
Monee Events
Latest News Stories
Judge dismisses challenge to National Park Service cash policy
Netflix bid for Warner Bros draws antitrust warnings from GOP lawmakers
WATCH: Admiral to tell Congress suspected drug boat still posed threat
House committee opens investigation into Minnesota welfare fraud
Colorado receives $420M from feds for high-speed internet
WATCH: U.S. Rep. Miller live; Heated rhetoric in Congress; SNAP, ‘basic income’ debate
Illinois quick hits: Layoff announcements; Freedom Caucus criticizes library association
Two Virginia men arrested in plot to destroy federal databases
Arrest made in 2021 RNC, DNC pipe bomb case
Penny: State revenue, retailers’ leverage strategy are in report’s thoughts
Freedom advocates push for Ten Commandments in schools
Afghan national arrested in Virginia, accused of supporting ISIS