PUBLIC NOTICE
PURSUANT TO 65 ILCS 5/11-74.4-4(c)
The Corporate Authorities of the City of Peru, at the regular City Council meeting on November 3, 2025, at 7:00 P.M. in the Peru Municipal Building, 1901 Fourth Street, Peru, IL 61354, will consider adopting an Ordinance authorizing the Mayor to execute a Tax Increment Financing Sales and Development Agreement which will involve the conveyance of City-owned property commonly known as 2130 4th Street in the City of Peru, legally described as follows:
Lots 4 and 5, both in Block 37 in Ninewa Addition to the Town, (now City) of Peru, except coal and minerals and the right to mine and remove the same; situated in LaSalle County, Illinois.
PIN: 17-17-433-011 (the “Development Property”)
The Sales and Development Agreement is in furtherance of the redevelopment objectives of the Peru Downtown Tax Increment Financing District. The latest draft of the proposed Sales and Development Agreement is available for review at the Building and Zoning Department, City Hall at 1901 Fourth Street, Peru, IL 61354. Any party interested in submitting an alternative proposal or bid should contact City of Peru Corporation Counsel, Scott Schweickert, at City Hall or by email ([email protected]) or by telephone at 815-224-6020. Any alternative proposals should be submitted to the Corporation Counsel no later than Friday, October 31, 2025, at 3:30 p.m.
