City of Joliet Special City Council Meeting Agenda Packet June 2025
Joliet Settles Disputes With Centerpoint Properties Trust
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Description
Joliet City Council entered into a settlement and mutual releases contract with Centerpoint Properties Trust as a principal party to facilitate construction and legal resolution linked to the Northpoint Development. This agreement covers mutual claims and establishes terms for cooperation.
Contract Details
Vendor
CENTERPOINT PROPERTIES TRUST
Agency
City of Joliet city, IL
Contract Type
OTHER
Document Date
June 20, 2025
Contract Term
Effective as of date mutually executed in 2025, duration ongoing (see notes)
Renewal Info
Agreement is ongoing, subject to satisfaction of execution contingencies (notably the required MOU Amendment by October 1, 2025). Enforceability tied to ongoing compliance and obligations as described.
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