City of Lockport City Council Meeting Agenda Packet 2026-05-20
City Authorizes Purchase of 723 S. State Street
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Description
The City of Lockport approved Resolution 26-069 to purchase 723 S. State Street for $195,000.00 plus closing costs, with an initial escrow payment of $40,000.00 to KGG LLC. The acquisition supports the city’s strategic property and redevelopment plans.
Contract Details
Contract Amount
$195,000.00 plus closing costs (escrow payment of $40,000.00 noted)
Vendor
KGG LLC
Agency
City of Lockport, IL
Contract Type
OTHER
Document Date
May 20, 2026
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