FINANCIAL_SERVICESPENDING

TIF Agreement Proposed with Residences at Founders Grove LLC

Ordinance 2026-23 would authorize a Tax Increment Financing and Development Agreement with Residences at Founders Grove, LLC for a new residential project at 12050 Upper Gilchrist Road. The agreement allows up to $1.6 million in TIF-funded reimbursement for public infrastructure over a 30-year exemption period.

Status
PENDING
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Residences at Founders Grove Llc
Agency
City of Mount Vernon · OH

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $1,600,000 (TIF reimbursement cap)
Contract type
FINANCIAL_SERVICES
Contract term
30-year TIF exemption period
Renewal
The TIF exemption and related agreement run for a 30-year term on each parcel’s improvement; no renewal beyond this statutory period is indicated.
Document type
AgendaPacket
Source document
City of Mount Vernon AgendaPacket Legislative Session 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mount Vernon?

Residences at Founders Grove Llc was awarded this financial services contract by City of Mount Vernon, as recorded on August 8, 2026. The contract value is Up to $1,600,000 (TIF reimbursement cap).

How much is the Residences at Founders Grove Llc contract with City of Mount Vernon worth?

The Residences at Founders Grove Llc contract with City of Mount Vernon is valued at Up to $1,600,000 (TIF reimbursement cap), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Mount Vernon AgendaPacket Legislative Session 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Residences at Founders Grove Llc hold?

Residences at Founders Grove 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.

View Residences at Founders Grove Llc's profile

What is City of Mount Vernon currently buying?

Explore City of Mount Vernon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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