The Schaumburg Village Board voted unanimously to approve a $233 million multi-year Capital Improvement Plan, of which approximately $161 million will be dedicated to maintain village roadways.
The 2019-2023 Capital Improvement Plan (CIP) establishes priorities and funding for the village’s improvement projects. Capital improvement projects include repair and replacement of existing infrastructure, purchase of major equipment as well as new community improvements that are intended to enhance the village.
Of the total $233 million five year plan, the village anticipates securing $62 million in grant funding, leaving the village to fund approximately $171 million. Broken down by project, the plan allocates 69 percent in funding to roadway improvements, 13 percent to water/sewer improvements and the remainder to make improvements to village buildings, bikeways, sidewalks, parking lots and other areas.
“Using input from our residents, Schaumburg’s Village Board is continuing to invest additional resources into the community to ensure we maintain critical infrastructure such as roads, facilities, water and sewer systems,” said Village President Al Larson. “The village is pursuing funding mechanisms that will stretch taxpayer dollars so that we can maximize efficiency and complete more projects that will positively impact the community.”
In Fiscal Year 2018/19, which begins May 1, 2018, $8 million will be allocated toward residential street repairs. The village will resurface and reconstruct almost 12 miles of residential streets across the village, and combined with additional methods of pavement preservation, the village will improve a total of about 29 miles of roads in 2018.
Additionally, the village has identified nine heavier-traveled street segments that qualify for federal funding. Securing $8.2 million in federal funding in Fiscal Year 2018/19 allows the village’s resources to be stretched even further with reconstruction of Plum Grove Road from Wiley Road to Higgins Road expected to break ground in spring 2018.
The 2016 National Citizen Survey identified traffic congestion, particularly at traffic signals, as a concern for Schaumburg residents. To that end, the CIP proposes $5.3 million in spending on bikeway, sidewalk, and traffic signal improvements. One of these projects includes the optimization of the village’s transportation network through the completion of signal coordination and installation of new video detection at seven key intersections along Meacham Road and Woodfield Road utilizing $200,000 in grant funds obtained through the Invest in Cook grant program.
Other priorities of the CIP are continued investment in the North Schaumburg TIF district where the village will be constructing a roadway on the Motorola Solutions campus to accommodate the current and anticipated development of the area. The CIP also proposes significant spending toward the village’s utility infrastructure as well as renovations, repairs and improvements at village facilities.
For more information and to view the Capital Improvement Plan that was approved at the January 9 Village Board meeting, please visit the village’s website at http://bit.ly/2j8difo.