As part of the 2024 budget process, the Motor Fuel Tax (MFT) fund includes funds for the 2024 Street Reconstruction Project. Attached is the Illinois Department of Transportation (IDOT) Motor Fuel Tax Resolution for Maintenance Under the Illinois Highway Code appropriating funds for the 2024 MFT Street Reconstruction Project. The MFT is a per gallon tax collected by the State specifically for the purpose of performing maintenance on local roadways and is distributed to municipalities on a per capita basis. This resolution procedure is required by the Illinois Department of Transportation in order for the Village of Arlington Heights to access these funds.
Funding for this expenditure will come from the Public Works MFT Account No. 211-7101-550400 Project # ST9009 and is identified in the approved 2024 Budget.
RECOMMENDATION
It is recommended that the Village Board adopt the Construction Resolution for Improvement by Municipality Under the Illinois Highway Code and appropriate $3,637,363 and authorize the Village Manager to execute the necessary submittals.