carthage_city_council_regular_meeting_minutes_oct.pdf
Three-year TIF agreement with Velvet Hanger approved
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Description
The Carthage City Council approved Ordinance No. 2025-11 establishing a three-year TIF District Redevelopment Agreement with Velvet Hanger totaling $15,000.00, paid in annual installments of $5,000.00 subject to conditions. The agreement supports business improvements through TIF funding.
Contract Details
Contract Amount
$15,000.00 over three years ($5,000.00 per year)
Vendor
VELVET HANGER
Agency
Town of Carthage, IL
Contract Type
OTHER
Document Date
October 14, 2025
Contract Term
Three years
Renewal Info
Three-year agreement with annual payments of $5,000.00; any renewal beyond the initial term would require future council action.
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Carthage City Council Annual Meeting Minutes April 28, 2026
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