City of Joliet Land Use & Economic Development Committee Minutes 2026-05-04
Amended Rock Run Crossing Agreement with Cullinan Joliet
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Description
The committee approved an amended and restated development agreement with Cullinan Joliet, LLC for the Rock Run Crossing project, including a $16 million reduction of a $100 million infrastructure bond. The revised agreement adds performance requirements, penalties for non-performance, and ties incentives to tax revenues generated at the site.
Contract Details
Vendor
CULLINAN JOLIET LLC
Agency
Town of Joliet, IL
Contract Type
OTHER
Document Date
May 4, 2026
Renewal Info
Amended and restated development agreement; specific renewal or extension options were not discussed in the minutes.
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