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Pinckneyville council approves TIF redevelopment agreement with Horizon Management
Summary
The Pinckneyville City Council unanimously approved Resolution R-2026-08 authorizing a Tax Increment Financing redevelopment agreement and related financial assistance with Horizon Management & Developer Group, Inc., after the resolution was presented and placed before the council.
Mayor Spencer presented Resolution No. R-2026-08 on behalf of the city, outlining a Tax Increment Financing (TIF) redevelopment agreement and an accompanying agreement for other financial assistance between the City of Pinckneyville and Horizon Management & Developer Group, Inc. Commissioner Sammy D. Peradotta moved to approve the resolution and Commissioner Joshua L. Kuhnert seconded the motion.
The council voted yea on roll call—Commissioners Kevin B. Hicks, Joshua L. Kuhnert, Sammy D. Peradotta, William B. Stotlar, and Mayor Spencer—resulting in unanimous approval. The resolution had been placed on file at the Feb. 23, 2026 meeting and was presented again for formal action on March 9.
The council recessed briefly later in the meeting so documents related to the Horizon agreement could be signed. No substantive debate or public testimony on the TIF agreement was recorded in the minutes.
The council’s formal approval authorizes the mayor and staff to proceed with the TIF redevelopment agreement and associated financial assistance as described in Resolution R-2026-08. The city did not record detailed financial terms or project specifics in the minutes of the March 9 meeting; those details were not specified in the transcript and therefore are not reported here.
The council moved on to other agenda items after recording the vote. The next procedural steps for the TIF agreement—such as final execution, filing, or related hearings—were not detailed in the meeting minutes.
