City of Pekin Council Meeting Agenda March 2026
City Approves TIF Rehab Deal with DCTA Properties
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Description
Pekin Council approved a TIF redevelopment deal with DCTA Properties, LLC for a blighted home at 114 Edds, offering up to $30,000 toward costs with a clawback if sold within five years. The property is subject to ongoing compliance with city program.
Contract Details
Contract Amount
Not to exceed $30,000 (50% TIF eligible costs)
Vendor
DCTA PROPERTIES LLC
Agency
City of Pekin city, IL
Contract Type
OTHER
Document Date
March 23, 2026
Contract Term
5-year program compliance requirement
Renewal Date
2031-03-09
Renewal Info
5-year compliance; proportional clawback if sold within compliance period.
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