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
Trump dispels Iran rumors, calls out Senate for approval of War Powers Act
Data centers can benefit taxpayers, group says
Illinois wheat harvest looks good despite storms
WATCH: Free speech lawsuit targets University of Minnesota gender policies
Microsoft’s 1st Mt. Pleasant data center fully online with 500 employees
Group works to promote ‘pro-life safety net’ to care for abortion-vulnerable moms
Illinois Quick Hits: $50.8M in cannabis tax-funded grants awarded
Poll: Americans reject legal rights, ‘personhood’ for AI
New gun rules may be needed in IL after SCOTUS marijuana gun rights ruling
Exclusive: Report warns of harmful rise in social ideology in medicine
Congress sends major housing bill to Trump’s desk
Elusive Trump endorsement helps define Colorado race