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
Updated: St. John Woman Charged with Nine Counts of Murder in Crete Township Triple Homicide
NASA plans to build $20 billion base on the Moon
HUD launches investigation into race-based Washington housing program
Illinois lagging the nation for entrepreneurship, economic growth
Illinois Quick Hits: Iowa PA license wait times half of Illinois
Will County Previews ‘GuideWill’ Comprehensive Resource Management Plan
State attorneys general blame feds for rising gas prices, Trump admin pushes back
Union president: TSA workers want to be paid, not replaced by ICE
Illinois Quick Hits: DHS wants migrant charged with killing to remain in custody
IL U.S. Rep says health care crisis caused by failing to extend ACA tax credits
Judge declines CTU’s motion to dismiss financial audit lawsuit
Illinois pushes rate-hike protections forward despite consumer cost fears