Downers Grove Grade School District 58 Resolution May 2026
District Confirms 2025 Tax Abatement for Rexnord Facility
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Description
Downers Grove Grade School District 58 confirms the previously approved tax abatement agreement with Rexnord Industries, LLC and directs the DuPage County Clerk to abate 2025 property taxes on the Rexnord Facility, subject to a $4,000,000 aggregate cap across all taxing districts. The action follows certification that Rexnord completed its expansion project and met the agreement’s conditions for job creation and tax base growth.
Contract Details
Contract Amount
Not to exceed $4,000,000 aggregate abatement by all taxing districts combined
Vendor
REXNORD INDUSTRIES LLC
Agency
Downers Grove GSD 58, IL
Contract Type
OTHER
Document Date
May 11, 2026
Contract Term
Abatement period not to exceed 10 years; resolution applies to 2025 tax year
Renewal Info
Under 35 ILCS 200/18-165, the abatement period may not exceed 10 years and the aggregate abatement across all taxing districts is capped at $4,000,000; this resolution applies the existing Agreement to the 2025 tax year based on Rexnord’s annual certification. Future annual abatements, if any, are contingent on continued compliance and Board action.
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Downers Grove Grade School District 58 Stop Loss Insurance Proposal 2026
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