City to lease newly acquired farmland to Yordy & Sons

The City of East Peoria plans to lease approximately 210 acres of newly acquired farmland to Mike Yordy & Sons, Inc. under Ordinance 4921 at a cash rent rate of $225 per acre for the 2027 crop season, plus a yield-based bonus. The lease will roll over year-to-year while preserving flexibility for future development of the property.

Scope & details

The full contract record, as filed.

Contract amount

$225.00 per acre for approximately 210 acres, plus yield-based bonus

Contract type

FACILITIES

Contract term

2027 crop season; year-to-year rollover thereafter

Renewal date

2027-10-31

Renewal

Lease rolls over automatically from year to year after the 2027 crop season, with provisions allowing the City to develop or reclaim portions of the farmland as needed.

Document type

AgendaPacket

Source document

City of East Peoria AgendaPacket Regular Meeting 2026-08-04

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City of East Peoria Agenda Regular Meeting of the City Council 2026-08-04

PENDING

East Peoria Housing Authority, IllinoisAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of East Peoria city?

Mike Yordy & Sons Inc was awarded this facilities contract by City of East Peoria city, as recorded on August 4, 2026. The contract value is $225.00 per acre for approximately 210 acres, plus yield-based bonus.

How much is the Mike Yordy & Sons Inc contract with City of East Peoria city worth?

The Mike Yordy & Sons Inc contract with City of East Peoria city is valued at $225.00 per acre for approximately 210 acres, plus yield-based bonus, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of East Peoria AgendaPacket Regular Meeting 2026-08-04 (AgendaPacket), dated August 4, 2026 from City of East Peoria city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mike Yordy & Sons Inc hold?

Mike Yordy & Sons Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Mike Yordy & Sons Inc's profile

What is City of East Peoria city currently buying?

Explore City of East Peoria city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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