Village of Montgomery Village Board Meeting Agenda Packet March 2026
Lease Option for Solar Project Proposed with Cenergy
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Description
Village staff recommended approving a 24‑month Lease Option Agreement with Cenergy Power for about nine acres of Village-owned land on Douglas Road, under which Cenergy would pay $2,000 annually while assessing feasibility for a solar or energy storage project. The agreement is structured as an option preceding any long-term lease for solar development.
Contract Details
Contract Amount
$2,000/year during option period
Vendor
CENERGY POWER
Agency
Town of Montgomery, IL
Contract Type
OTHER
Document Date
March 23, 2026
Contract Term
24‑month lease option period
Renewal Info
Lease option runs for 24 months with annual payments; potential subsequent 20‑year operating lease with escalator was discussed conceptually at the March 9 meeting but is not yet approved.
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