Committee recommends approval of the proposed Amendment to the Development Agreement with Oliver Emerson Development (Oliver Emerson Development, LLC) for the rehabilitation and adaptive reuse of 325 South Madison Street (The Watch Factory) as residential. The funding source is Redevelopment Funds and TIF Funds. (LAID OVER JANUARY 5, 2026)

What this record is

Held by

Oliver Emerson Development, LLC 2 records across this site

Runs until

no end date published in this record

Type

amendment

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

Oliver Emerson Development, LLC also holds

An ordinance approving the Amendment to the Development Agreement with Oliver Emerson Development (Oliver Emerson Development, LLC) for the rehabilita… Rockford, IL

Committee

City Council

Introduced

December 26, 2025

On agenda

January 20, 2026

Passed

January 20, 2026

Enacted

January 20, 2026

Enactment no.

2026-74-CR

Where it was heard

City Council Jan 20, 2026 Adopted Pass Planning and Development Committee Jan 5, 2026 Approved by committee Pass