Are these the magnitude of cost which the City of Belvidere/Boone County will have to pay for the Irene Road interchange?
By Jeanie Mayer
The village board has given its approval to a proposed intergovernmental agreement for construction of a full interchange at Interstate 90 and Route 47.
The agreement joins Huntley with the Illinois Toll Highway Authority, the Illinois Department of Transportation and McHenry and Kane counties on the project.
The agreement outlines the funding each governmental body must provide for the estimated $69 million, all-electronic interchange.
The ITHA will contribute 50 percent, or about $34.5 million; IDOT will pay just under 26 percent, or about $18 million; the village 9 percent, or little more than $6 million; Kane County 8.4 percent, or a little less than $6 million; and McHenry County about 6.5 percent, or about $4.5 million. Huntley already has paid $2.6 million in engineering fees for the project.
Village Manager David Johnson said the toll authority already has approved its intergovernmental agreement, with the two counties expected to follow suit later this month.
Johnson also stated the plans allow for the project to go out for bid early next year, with an April or May start date expected.
While it is up to the toll authority to determine the sequence of the construction, Johnson said the old interchange ramps and bridge will be used during the entire construction period while the new seven-lane bridge is constructed.
Click on the following for more on this story: http://couriernews.suntimes.com/8086278-417/huntley-oks-interchange-pact.html
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