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City of Troy City Council Minutes 2026-06-01

TIF Redevelopment Agreement Approved for Lylee Raye Investments LLC

Town of TroyLYLEE RAYE INVESTMENTS LLCJune 1, 2026

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Derivita logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The City Council approved a Tax Increment Financing Redevelopment Agreement with Lylee Raye Investments, LLC to support interior and exterior improvements for a new luxury spa at 121 East Market Street. The agreement aims to assist in downtown development.

Contract Details

Vendor

LYLEE RAYE INVESTMENTS LLC

Agency

Town of Troy, IL

Contract Type

OTHER

Document Date

June 1, 2026

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