City of Salem Regular City Council Meeting Minutes 2026-06-01
Council Amends Conant Development TIF 4 Agreement
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Description
The City Council approved an amendment to the Conant Development TIF 4 agreement, guaranteeing reimbursement up to $405,000.00 for verified infrastructure work, while keeping the maximum cap at $1,000,000.00.
Contract Details
Contract Amount
Reimbursement to the floor of $405,000.00; maximum remains $1,000,000.00
Vendor
CONANT DEVELOPMENT
Agency
Town of Salem, IL
Contract Type
OTHER
Document Date
June 1, 2026
Renewal Info
Amendment increases reimbursement to agreement floor. No new terms on renewal or extension reported.
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City of Salem Regular City Council Meeting Minutes 2026-06-01
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