Goldin DeKalb
Development agreement amendment
DeKalb, Illinois
Karis Acquisitions proposed data center use on approximately 132.5 acres between Gurler Road and I-88, east of Peace Road. DeKalb’s July 2024 amendment adds data centers to an earlier industrial development agreement.
The amendment allows up to two million square feet, subject to preliminary and final development-plan approval. It sets water-capacity deadlines and a 20-year electricity-tax arrangement.
- Developer
- Karis Acquisitions LLC
- Site
- Approximately 132.5 acres
- Approved framework
- Data center use added July 22, 2024; further development plans required
What’s included
Water
The city reserves capacity for 817,000 gallons a day at the owner’s expense. It need not keep that reservation if the developer misses the June 2027 site-work and June 2028 first-phase building-permit deadlines.
Compare water termsPower & infrastructure
The developer may have to extend the sanitary sewer at its expense and pay approximately $617,667.50 plus interest for an earlier extension. A recapture agreement can recover a proportionate share from later users.
Compare power & infrastructure termsPublic revenue & benefits
For 20 years after full energization, the city reduces the effective electricity-tax rate to $0.00045 per kWh, with at least $125,000 payable annually.
Compare public revenue & benefits termsReporting & enforcement
Data center use and a two-million-square-foot ceiling are added, but preliminary and final development plans still require city approval.
Compare reporting & enforcement termsAbout this document
City, owner and developer signatures visually verified across the separate counterpart pages 10–11. The original agreement is recorded as document 2023007068.
- Document
- Development agreement amendment
- Published by
- www.cityofdekalb.com
- Parties
- City of DeKalb; Steven and Richard Goldin as trustees of the identified DeKalb property trusts; Karis Acquisitions LLC
- Reviewed
- 2026-09-07
- Still needed
- Subsequent final development-plan approvals and performance records are separate from this signed amendment.