The village of Channahon is looking to capitalize on a grant opportunity to help pay for a portion of the Bridge Street multi-use path’s construction.
During a special meeting on Thursday, officials authorized the submittal of an application to the Rebuild Illinois Program. Village Administrator Thomas Durkin had this to say.
Rebuild Illinois grants have a ceiling of $5 million per project, officials said. Awards cannot be issued in amounts less than $250,000. The village would like to be awarded the grant funding to help pay for phase No. 3 west of the Bridge Street multi-use path’s construction.
The total project cost is roughly $3.4 million, officials said. If the village is not awarded the Rebuild Illinois grant, officials intend to apply again for federal assistance through the Illinois Transportation Enhancement Program during the next funding cycle.
The village has received two ITEP grants valued at roughly $1.4 million each to help pay for the construction of the Bridge Street multi-use path, to date.
Durkin spoke of why the village didn’t apply sooner for the assistance.
The village has some bonds set to expire soon, which officials said could open up opportunities to bond out in the years to come if grants are not awarded.
Durkin said the village board could give it discussion if need be. The application deadline for the Rebuild Illinois Program is Tuesday. Officials said they hope to hear if the village is a recipient of a Rebuild Illinois grant by the fall, at which point the ITEP grant application is due.