Communication from the City Manager and Corporation Counsel with a Request for the Following: (Council District 1) A. ADOPT an ORDINANCE Authorizing the PURCHASE of Real Estate from the DOWNTOWN DEVELOPMENT CORPORATION OF PEORIA, for the Development of Parking Facilities on SW WASHINGTON STREET; and, B. ADOPT an ORDINANCE Amending the City of Peoria 2023 REVISED ANNUAL BUDGET Relating to the WAREHOUSE DISTRICT TAX INCREMENT FINANCING (TIF) Fund, to Use Fund Balance for the Purchase of Property on SW WASHINGTON STREET, in the Amount of $250,000.00.

What this record is

Amount

$250K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

Field

Real estate

real estate contracts in IL that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Requested by

Legal Department

Introduced

February 15, 2023

On agenda

May 9, 2023

Passed

May 9, 2023

Where it was heard

City Council May 9, 2023 adopted Pass City Council May 9, 2023 adopted Pass

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