city-of-salem-meeting-minutes-2025-04-21_9c7.pdf
Approval for TIF 4 Predevelopment Agreement
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Description
City council approved Ordinance 2025-07, authorizing and amending the TIF 4 Predevelopment Agreement with Conant Development, as presented. The proposed amendment would allow reimbursement on infrastructure as it is completed and outlined in Phase 1 of the project; the reimbursement would be calculated and accounted for in the overall project reimbursement maximum.
Contract Details
Contract Amount
NA
Vendor
CONANT DEVELOPMENT
Agency
City of Salem, IL
Contract Type
Development
Document Date
April 21, 2025
Contract Term
NA
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