Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Infrastructure topic
No spam. Unsubscribe anytime.
Council backs $5 million grant application to bring power to undeveloped industrial tract
Summary
The council approved a resolution supporting an Illinois Regional Site Readiness Program grant application that would request $5,000,000 toward a project up to $6,250,000 to add an electric substation and extend distribution to property off Banker Street.
City staff described a resolution supporting an Illinois Regional Site Readiness Program grant application that would request $5,000,000 toward a larger project—up to $6,250,000 total—to install an electric substation and extend power lines to the Hollow Course property off Banker Street.
The City Engineer (S14) said the area "lacks electricity" and the project is intended to deliver power to that industrial tract. He told council the city previously won $3,000,000 under the same program for Airport Road and is now seeking the next round of funding for the Banker Street area.
Staff described the match as an "eightytwenty" split, said the application will wait for a cost estimate from Ameren, and noted the project is likely a FY28 budget item rather than FY27. Council discussed zoning (identified as industrial) and the potential for future land sales to recoup investment should development follow.
The council voted to approve the resolution supporting the grant application and committing to a local match within the parameters described. Staff will return with a refined cost estimate from Ameren and any required funding authorizations.
