Village of Rantoul Regular Board Meeting Agenda Packet May 2026
Rantoul, Combe Labs negotiate 10-year tax abatement
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Description
The Village of Rantoul is considering a Development Agreement with Combe Laboratories, LLC to support a more than $30 million expansion at 200 Shelhouse Drive. In exchange for investment and job growth, the Village will extend Enterprise Zone property tax abatements to ten years and waive building permit fees.
Contract Details
Vendor
COMBE LABORATORIES LLC
Agency
Town of Rantoul, IL
Contract Type
OTHER
Document Date
May 12, 2026
Contract Term
Village property tax abatement/reimbursement for 10 years after Project Completion Date; building permit fees waived
Renewal Info
Property tax abatement/reimbursement under the Enterprise Zone program extended by an additional five years beyond the standard term, for a total of 10 years after the Project Completion Date. Agreement remains in effect until completion of all payments under Article V or earlier termination for breach.
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Village of Rantoul Regular Board Meeting Agenda Packet May 2026
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