FINANCIAL_SERVICESPENDING

Developer to Receive TIF-Funded Infrastructure Reimbursement

Under the proposed Tax Increment Financing and Development Agreement, Mount Vernon would reimburse Residences at Founders Grove, LLC up to $1.6 million for public infrastructure improvements associated with its residential project. Payments would come from service payments in lieu of taxes over the 30-year TIF term.

Status
PENDING
Document date
July 27, 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 in TIF reimbursement for public improvements
Contract type
FINANCIAL_SERVICES
Contract term
TIF reimbursement over life of TIF (30 years from first year of exemption)
Renewal
Reimbursement limited to a maximum of $1,600,000 in developer public improvement costs over the TIF life; no renewal beyond TIF expiration.
Document type
AgendaPacket
Source document
City of Mount Vernon AgendaPacket 2026-07-27

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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 July 27, 2026. The contract value is Up to $1,600,000 in TIF reimbursement for public improvements.

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 in TIF reimbursement for public improvements, 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 2026-07-27 (AgendaPacket), dated July 27, 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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