Channahon Village Board Committee of the Whole Minutes 2026-05-18
Development Pact with PSC Group Includes $250K Sewer Contribution
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Description
Channahon is considering a Development Agreement with PSC Group requiring a $250,000 contribution toward sanitary sewer infrastructure and obligates road improvements as part of a new industrial facility project. The term extends 10 years, subject to project milestones.
Contract Details
Contract Amount
$250,000 developer contribution
Vendor
PSC GROUP
Agency
Channahon village (pt.), IL
Contract Type
OTHER
Document Date
May 18, 2026
Contract Term
10 years from effective date
Renewal Date
2036-05-18
Renewal Info
Obligation to improve roadway expires if not triggered within 10 years. Agreement terminates after 10 years regardless.
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