Special Interior Road Provisions. Section 12. Traffic Light Provisions: Intersection: IL Route 251 and Xxxxxxx Road Owner’s Contribution: 100% of the cost, less the City’s contribution of $350,000.00, to be specifically used for traffic signalization and other intersection improvements at IL Route 251 and Xxxxxxx Road, as approved by the Illinois Department of Transportation. The payment of the reimbursement will be payable over three (3) years from the completion of the development, as follows: Year One: $75,000.00 Year Two: $125,000.00 Year Three: $150,000.00 These payments will be made on January 1st of the year following the completion of the construction. For example, should the development be completed in 2018, the first payment would take place in January 2019.
Special Interior Road Provisions. Section 22. Traffic Light Provisions: Intersection: Developer’s Contribution:
