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  • Water Franchise Agreement Update

    The Peoria Area Chamber of Commerce supports and appreciates transparency regarding discussions about the City of Peoria’s franchise agreement with Illinois American Water Company. At a press conference earlier this week, the City of Peoria released the proposed franchise agreement. The agreement would suspend the 1889 franchise agreement and replace it with a revised 20-year agreement. Click here to view the agreement. 
     

    If the agreement is passed, we can expect the following: 
     

    • The average homeowner is expected to pay an additional $1.33 per month, or about $16 more a year.
    • The average industrial user is expected to pay an additional $2.91 per month.
    • Illinois American Water Company has committed to spending $8 million each year for infrastructure improvements; the rate adjusted for inflation.

     

    The City Council is expected to vote on the agreement on Tuesday, March 25.
     

    Two public meetings have been set to provide a forum for comments or concerns regarding the proposed franchise agreement. 
     

    Saturday, March 15
    10:00 am
    North Branch Library
    3001 W. Grand Parkway
    McKenzie Room

     

    Wednesday, March 19
    6:00 pm
    Gateway Building
    200 NE Water Street
    Ballroom
     

    If you have any questions, please contact the Peoria Area Chamber of Commerce at 309-495-5900.