Peoria City Council Approves $60M Eaton Fayette Storage Project

September 12, 2025 | Peoria, Peoria County, Illinois


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Peoria City Council Approves $60M Eaton Fayette Storage Project
The Peoria City Council convened on September 9, 2025, to address several key agenda items, including updates on public works projects and financial reports. The meeting began with a presentation from the Public Works Director, who highlighted the importance of implementing the recently adopted strategic plan, particularly the riverfront plan. The director expressed pride in the progress made and introduced the Eaton Fayette project, which involves the planning and design of a 6,400,000-gallon offline storage tank. This project is estimated to cost approximately $60 million, with the current engineering phase representing about 5% of the total cost. The council unanimously approved the motion to proceed with this project.

Following the public works discussion, the Finance Director presented the financial report for the month ending July 31, 2025. The report indicated positive trends, with revenues exceeding budget expectations by 1.7% and expenses down by 1.9% compared to the budget year to date. The Finance Director noted that these trends are encouraging as the city prepares for the upcoming 2026 budget discussions. Council members engaged in a dialogue about the economic outlook, emphasizing the need for fiscal responsibility and caution regarding future expenditures.

The council then moved to receive and file the financial report, which also passed unanimously. The meeting concluded with no new business on the agenda and a brief opportunity for citizens to address the council, which yielded no public comments. The council then voted to enter an executive session to discuss real property acquisitions and review closed session minutes.

Overall, the meeting underscored the council's commitment to infrastructure development and prudent financial management as they prepare for future budget considerations. The next budget meeting is scheduled for September 30, 2025.

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