Get ready to sign up for a Costco membership because a store is getting ready to open in Loves Park.

That's because the Loves Park City Council approved an $11 million tax deal to bring a Costco to town.

According to WIFR, "Costco will be reimbursed over $4 million in sales tax revenue" and Spring Creek Development Group will get "up to seven and a half million dollars from the city of Loves Park."

The belief is Costco could generate 150-250 new jobs and should be ready to go by summer of 2019.

Last week Costco applied for a permit to build a store and gas station at 7900 East Riverside Boulevard, just off I-90.

In case you're wondering, Costco annual membership fees are $60. Will you be picking up a Costco membership when the Loves Park store next year?

Sweet Lenny is the brand manager of 97ZOK and Operations Manager for Townsquare Media Rockford. Catch him afternoons 3 to 7 on 97ZOK. Follow him on TwitterInstagram and like his page on Facebook.