Leon's Caps Redevelopment Agreement

At a glance

• What: A redevelopment agreement with Leon's Caps, Inc. for financial assistance up to $75,000 for a property at 2508 Cook Street, utilizing Far East Tax Increment Finance (TIF) funds (Ordinance 2026-423).
• Where it stands: Passed on both Committee of the Whole (September 29) and City Council (October 6) meetings.
• Next: Implementation by the Office of Planning and Economic Development.

Agreement details

• Business: Leon's Caps, Inc.
• Property location: 2508 Cook Street
• Financial assistance: up to $75,000
• Funding source: Far East Tax Increment Finance funds
• Managing agency: Office of Planning and Economic Development

Committee action (September 29, 2026)

• Ordinance 2026-423 was moved to consent.
• Alderman Williams Jr made the motion, Alderman Gregory seconded.
• Passed 10-0.

City Council passage (October 6, 2026)

• Passed 10-0 as part of consent agenda.
• Incorporated into consent agenda and placed on final passage.

Sources

• City Council minutes, October 6, 2026: https://cityclerk.springfield.il.us/Government/PDFHandler.ashx?itemType=MeetingAtt&itemID=7278
• Committee of the Whole minutes, September 29, 2026: https://cityclerk.springfield.il.us/Government/PDFHandler.ashx?itemType=MeetingAtt&itemID=7275

Log

2026-10-06 - City Council

Passed 10-0 on consent agenda.

2026-09-29 - Committee of the Whole

Moved to consent. Alderman Williams Jr motion, Alderman Gregory second. Passed 10-0.