CONSTRUCTIONAPPROVED

City of Geneseo Agenda Special City Council Meeting 2026-05-26

Geneseo approves TIF development deal with JF Edwards

Approximately $8,000,000 project cost (private investment); City to fund lift station and ~2,200 feet of sanitary sewer improvementsCity of GeneseoJ.F. EDWARDS CONSTRUCTION COMPANYMay 26, 2026

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Description

The City of Geneseo approved Ordinance O-26-12, entering into a Development Agreement with J.F. Edwards Construction Company for an approximately $8 million, two-phased expansion in the Ford Road TIF area. The City will fund and construct lift station and sanitary sewer extensions while the developer builds and expands facilities under detailed performance and security terms.

Contract Details

Contract Amount

Approximately $8,000,000 project cost (private investment); City to fund lift station and ~2,200 feet of sanitary sewer improvements

Vendor

J.F. EDWARDS CONSTRUCTION COMPANY

Agency

City of Geneseo, IL

Contract Type

CONSTRUCTION

Document Date

May 26, 2026

Contract Term

Agreement remains in effect until a Certificate of Occupancy is issued for the Project or for 23 years from Effective Date, or any statutorily authorized TIF extension

Renewal Info

Agreement term runs until a Certificate of Occupancy is issued for the project or 23 years from the Effective Date (aligned with TIF RPA duration), whichever occurs first; includes provisions for Phase II timing, performance bonds, and potential disconnection rights if City sewer work is not completed.

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