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
Incumbents survive Indiana U.S. House challenges
Incumbents survive Indiana U.S. House challenges
Ohio voters pick candidates for November election
Ohio voters pick candidates for November election
‘Project Freedom’ paused while U.S., Iran try to negotiate a deal
Colorado House votes for credit card fee reduction
Rubio confirms Epic Fury over; U.S. responding defensively in Strait of Hormuz
Department of Employment Security faces questions about fraud recoveries
Poll: Majority of voters dissatisfied with economy, prices
Illinois Quick Hits: State rep says megaprojects bill usable for Chicago
Tax hikes alone won’t fully address US debt, report finds
House GOP says Dems ignoring ‘realistic’ property tax relief plans