Village of Channahon Planning & Zoning Commission Agenda 2026-06-08
Land Swap and Rail Terminal Agreement with PSC Group
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Description
The Village of Channahon approved a development agreement with PSC Group for a land exchange supporting the Goose Lake Rail Terminal project. PSC will construct roadway infrastructure and provide a $250,000 contribution toward sanitary sewer improvements as part of the partnership. The agreement has a 10-year term with obligations tied to project milestones.
Contract Details
Vendor
PSC GROUP
Agency
Channahon village (pt.), IL
Contract Type
CONSTRUCTION
Document Date
June 8, 2026
Contract Term
10 years
Renewal Date
2036-05-31
Renewal Info
Development Agreement and Land Exchange Agreement expire after 10 years if conditions are not satisfied. No automatic renewal; one-time agreement expiring on milestone completion or 10 years.
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Village of Channahon Planning & Zoning Commission Agenda 2026-06-08
Channahon Board of Trustees Agenda 2026-06-01
Channahon Board of Trustees Agenda 2026-06-01
Village of Channahon Committee of the Whole Meeting Agenda 2026-06-01
Village of Channahon Committee of the Whole Meeting Agenda 2026-06-01
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