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.
Latest News Stories
After-school program orgs seek $70M in new state grants to cover gap from fed cuts
Collins, Dooley to face off in June runoff for U.S. Senate
Alabama U.S. Senate races head to June runoff
Tuberville, Jones to face off in Alabama governor’s race
SCOTUS turns down Eli Lilly bid to end ‘bounty hunter’ lawsuits
Congressional candidates discuss immigration, tax policies
Trump-endorsed Gallrein outs Massie in Kentucky
U.S. House defies Senate, weakens private equity restrictions in housing bill
Illinois Quick Hits: Group files lawsuit against gun owner ID law
Pritzker touts EV plant in Normal, Bailey says taxpayers bear the burden
State Supreme Court hears arguments over Uber forced arbitration
Vance defends DOJ’s nearly $1.8B ‘weaponization’ fund
Vance highlights ‘progress’ in Iran negotiations, floats additional fighting