City of Galesburg City Council Meeting Agenda Packet February 2026
Airport Solar Lease Extended for Community Power Group
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Description
The City approved a second amendment to its Community Power Group airport solar site lease, granting a further two-year extension for construction in exchange for $5,000, with all lease terms otherwise unchanged.
Contract Details
Contract Amount
$1,200/acre annually with 1.5% escalator (17.5 acres); $5,000 for extension
Vendor
COMMUNITY POWER GROUP
Agency
City of Galesburg, IL
Contract Type
FACILITIES
Document Date
February 16, 2026
Contract Term
25 years initial term plus two five-year extension options; current amendment extends construction deadline by 2 years
Renewal Date
2045-12-31
Renewal Info
Original lease (2018) is for 25 years with two 5-year extensions. First amendment in 2024 extended deadline; this second amendment extends the start-of-construction deadline by 2 more years.
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