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
Solutions differ for Chicago Public Schools’ potential $1B deficit
U.S. Supreme Court rules against trucking industry
Exclusive: AGO speculated WA Supreme Court might ‘punt’ on millionaire’s tax
Illinois Quick Hits: Dems look at Chicago for national conventions
Paramount-Warner merger could create 40,000 jobs, report says
Powell secures Democrat nomination in key swing district
Canadian border crimes: Multi-million grandparent, crypto scam; human smuggling
Access Will County Dial-A-Ride Reports Massive Growth After Consolidating Paratransit Services
Trade, Taiwan top priorities for Trump, Xi as two leaders wrap first meeting
Critics question unions after $1B in political spending
Judge sets up high stakes baby formula NEC trial vs Mead Johnson
Trade court to rule on tariff stay by next week