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Bourbonnais village (pt.) Awards Development Agreement Contract to Psi Construction (August 2024)

Bourbonnais village (pt.) logoBourbonnais village (pt.)
Approved
Aug 5, 2024
Term
15 years

The 30-second brief

What it covers

Ordinance approves amended development agreement with PSI Construction LLC for warehouse buildings. The financial incentive is a 15-year term with a 75% - 25% TIF revenue sharing for years 1 through 5, and a 50% - 50% revenue sharing for years 6 through 15.

Who holds it

Psi Construction holds this development agreement contract with Bourbonnais village (pt.). Its other public contracts on record include work for Kershaw County and Bradley Bourbonnais CHSD 307.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Development Agreement
Document date
August 5, 2024
Term
15 years
Vendor
Psi Construction
Agency
Bourbonnais village (pt.)
Source document
bourbonnais-village-meeting-minutes-2024-08-05_51e.pdf (Meeting Minutes)

Psi Construction's other public contracts

Kershaw County, South CarolinaFire Service Storage Building Bids Considered by County · Oct 25, 2026$448.9KKershaw County, South CarolinaPSI Construction Submits Fire Storage Building Bid · Oct 13, 2026$448.9KBradley Bourbonnais CHSD 307, IllinoisConcrete Renovation Bid Submitted by PSI Construction · Mar 27, 2026Bradley Bourbonnais CHSD 307, IllinoisPSI Construction Submits $2.264 Million Project Bid · Mar 27, 2026$2.3MMercersburg Borough (Water) Authority, PennsylvaniaPSI Construction Receives Park Ave. Water Project Notice · Aug 21, 2025UndisclosedAll Psi Construction contractsVendor profile

More Bourbonnais village (pt.) contracts

Harbor HouseVillage Proposes Multi-Year Contribution to Harbor House · Jul 23, 2026Proven Business Systems LLCVillage Enters Copier Equipment Finance Lease · Jul 1, 2026Kankakee CountyBourbonnais OKs IT services pact with County · Jul 1, 2026UndisclosedProven ItBourbonnais Approves Five-Year Copier Lease with Proven IT · Jul 1, 2026Kankakee County Convention & Visitors Bureau Inc (Kccvb)Village Maintains Support for Kankakee Tourism Bureau · Jul 1, 2026UndisclosedAll Bourbonnais village (pt.) activityAgency profile

Questions about this contract

Who was awarded the development agreement contract by Bourbonnais village (pt.)?

Psi Construction was awarded this development agreement contract by Bourbonnais village (pt.), as recorded on August 5, 2024.

What type of contract is this?

This is a Development Agreement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in bourbonnais-village-meeting-minutes-2024-08-05_51e.pdf (Meeting Minutes), dated August 5, 2024 from Bourbonnais village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Psi Construction hold?

Psi Construction 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 Bourbonnais village (pt.) currently buying?

Explore Bourbonnais village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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