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
Illinois Quick Hits: CTA leader addresses transit security
Illinoisans ‘ought be concerned’ report ranks IL 45th for economic outlook
Mid-Game Surge Propels Bradley-Bourbonnais Past Lincoln-Way Central 7-3
Rossa and Tingley Homer as Lincoln-Way Central Powers Past Sandburg 7-4
Illinois Quick Hits: Pritzker awards $31.8M in forgivable cannabis loans
New Lenox Park District Prepares to Launch Public Survey for Major Capital Referendum
Illinois quick hits: Two additional tornadoes confirmed
Chicago officials investigate ex-mayoral employee, drinking by city workers
IL businesses eligible for $8B in tariff refunds; Pritzker wants more for families
Court dismisses Illinois lawsuit over National Guard deployment
Illinois law at center of normal township BDS referendum
Illinois Quick Hits: At least 7 tornadoes hit Illinois last week