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Peoria County board approves $1.38 million Kickapoo-Edwards road bid despite unsigned developer agreement
Summary
The Peoria County Board voted 17-0 to approve the Kickapoo-Edwards Road bid letting for about $1.38 million even though a formal development agreement with developer BECS was not yet signed; the developer has verbally pledged $500,000 and staff will return with a funding plan and a revised development agreement.
The Peoria County Board voted 17-0 to approve the bid letting for the Kickapoo-Edwards Road and Veil Dispense Road project after members debated timing and financial guarantees for the work.
Board Chair said the bids came in at about $1,380,000, higher than the $1.2 million the county initially budgeted, creating a roughly $240,000 gap. A developer contribution of $500,000 was reported as a verbal commitment from the developer BECS, but board members noted the county did not yet have a signed development agreement. "We currently do not have a…
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