Rantoul Village Board of Trustees Agenda Packet 2026-06-02
Rantoul Approves 10-Year Tax Abatement for Combe Laboratories
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Description
The Village Board approved a Development Agreement with Combe Laboratories, Inc. granting a 10-year property tax abatement for their $30 million plant expansion in Rantoul. This supports economic growth and long-term partnership with the company.
Contract Details
Contract Amount
Over $30 million investment (no direct amount available for contract)
Vendor
COMBE LABORATORIES INC
Agency
Town of Rantoul, IL
Contract Type
OTHER
Document Date
June 2, 2026
Contract Term
10 years property tax abatement
Renewal Date
2036-06-02
Renewal Info
Standard renewal does not apply, but the property tax abatement is extended from 5 years to 10 years as part of this approval.
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