Johnsburg village Awards Financial Services Contract to Tei Johnsburg Llc (May 2026)

The Village of Johnsburg approved an Economic Incentive Agreement with TEI Johnsburg LLC to facilitate redevelopment of the former JC Penney space with a new Target store at the Shops at Fox River. The agreement supports a public-private partnership structure tied to tenant relocation, property acquisition, and new financing, with Target expected to open by November 2027.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Document type

Minutes

Source document

Village of Johnsburg Minutes Regular Meeting of the President and Board of Trustees 2026-05-05

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Village of Johnsburg Regular Meeting Agenda May 2026

PENDING

Town of Johannisburg, IllinoisMay 5, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Johnsburg village?

Tei Johnsburg Llc was awarded this financial services contract by Johnsburg village, as recorded on May 5, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Village of Johnsburg Minutes Regular Meeting of the President and Board of Trustees 2026-05-05 (Minutes), dated May 5, 2026 from Johnsburg village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tei Johnsburg Llc hold?

Tei Johnsburg Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Johnsburg village currently buying?

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