Peotone Board Approves Over $921,000 in Payouts for Major Infrastructure Projects

Peotone Village Board Meeting | October 13, 2025

Article Summary: The Peotone Village Board authorized payments totaling over $921,000 to Iroquois Paving Corp. for three major public works projects, including the final payment for the multi-year Downtown Streetscape project and substantial payments for the Conrad Storm Sewer and East Crawford Street resurfacing.

Infrastructure Project Payments Key Points:

• A final payment of $424,428.10 was approved for the Downtown Streetscape project, effectively closing it out.

• A partial payment of $327,669.08 was authorized for the Conrad Storm Sewer project.

• A partial payment of $169,502.39 was approved for the East Crawford Street MFT resurfacing project.

• All three payments, totaling $921,599.57, were made to Iroquois Paving Corp. and approved unanimously.

The Village of Peotone took significant financial action to close out or advance three major infrastructure initiatives on Monday, October 13, 2025, approving a series of payments to Iroquois Paving Corp. totaling more than $921,000.

The largest of the authorizations was the final payout of $424,428.10 for the Downtown Streetscape project. This payment marks the conclusion of a large, multi-year effort funded primarily by a state grant and the village’s Business Development District (BDD) funds. The project, which was largely completed in late 2024, included extensive improvements to sidewalks, lighting, and landscaping in the downtown area. According to a memo from Village Administrator Nick Palmer, this final payout covers remaining items that were budgeted for and have now been completed.

The board also approved a second, partial payout of $327,669.08 to Iroquois Paving for the Conrad Storm Sewer Project. This project, funded in large part by an American Rescue Plan Act grant through Will County, was substantially finished in 2024 and aimed to address significant drainage issues in the area.

Finally, the board authorized a partial payment of $169,502.39 to the same contractor for the 2025 East Crawford Street Motor Fuel Tax (MFT) resurfacing project. This payment represents the first major payout for the roadwork, which the village bid out and awarded to Iroquois Paving earlier this year.

All three payment resolutions were part of the board’s new business agenda and were passed unanimously without discussion. The combined payments represent a major investment in the village’s public infrastructure, bringing several long-term and recent projects closer to full completion.