Village Approves $425K Redevelopment Pact for Roller Rink

The Village of Glenwood approved a redevelopment agreement with Glenwood Nation Roller Skating Rink, LLC for a new roof system at 656 W. Holbrook Road, with a maximum assistance amount of $425,000 and a 10-year repayment term. The agreement is secured by a mortgage on the property and includes installment repayment provisions.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $425,000.00 (Maximum Assistance)

Contract type

OTHER

Contract term

10 years repayment term

Renewal date

2036-06-16

Renewal

Repayment is amortized over 10 years; no auto-renewal outlined. Agreement terms subject to property increment, with provisions for acceleration upon default.

Document type

AgendaPacket

Source document

Village of Glenwood AgendaPacket Regular Board of Trustees Meeting 2026-06-16

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Village of Glenwood Agenda Regular Board of Trustees Meeting 2026-06-16

APPROVED

Glenwood village, IllinoisJun 16, 2026

Village of Glenwood Agenda Regular Board of Trustees Meeting 2026-06-16

APPROVED

Glenwood village, IllinoisJun 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Glenwood village?

Glenwood Nation Roller Skating Rink Llc was awarded this government contract by Glenwood village, as recorded on June 16, 2026. The contract value is Not to exceed $425,000.00 (Maximum Assistance).

How much is the Glenwood Nation Roller Skating Rink Llc contract with Glenwood village worth?

The Glenwood Nation Roller Skating Rink Llc contract with Glenwood village is valued at Not to exceed $425,000.00 (Maximum Assistance).

What type of contract is this?

This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Village of Glenwood AgendaPacket Regular Board of Trustees Meeting 2026-06-16 (AgendaPacket), dated June 16, 2026 from Glenwood village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Glenwood Nation Roller Skating Rink Llc hold?

Glenwood Nation Roller Skating Rink Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Glenwood village currently buying?

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