ORDINANCE
WHEREAS, the City of Chicago (the "City"), is a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution of the State of Illinois; and
WHEREAS, the City has established a large bike sharing system in Chicago (the "System"); and
WHEREAS, the City has received grants totaling $28,000,000"(the,"Grant Funds") from
the federal government to pay for the costs of purchase and installation of the infrastructure of
the System, which will be supplemented by City funds in the amount of approximately
$6,500,000; and - "
WHEREAS, the City, through its Department of Transportation ("CDOT"), desires to" act as a fiscal agent to a portion of the Grant Funds in the amount of $320,000 that will be granted to the City of Evanston ("Evanston") for the purpose of Evanston,' acquiring a substantially identical bike sharing system to the System such that the two systems will, inter alia, (i) be interoperable, (ii) share a brand identity through a licensing arrangement, and (iii) may share certain costs and revenues; and
WHEREAS, the City, through CDOT, also desires to act as a fiscal agent to a portion of the Grant Funds in the amount of $480,000 that will be granted to the Village of Oak Park ("Oak Park," and together with Evanston, the "Parties") for the purpose of Oak Park acquiring a substantially identical bike sharing system to the System such that the two systems will, inter alia, (i) be interoperable, (ii) share a brand identity through a licensing arrangement, and (iii) may share certain costs and revenues; and
• WHEREAS, the City and the Parties wish to enter into intergovernmental agreements in substantially the forms attached as Exhibit A and Exhibit B (the "Agreements") whereby the City shall grant $320,000 to Evanston and $480,000 to Oak Park, respectively; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The above recitals are expressly incorporated "in arid made a part of this ordinance as tho...
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