FINANCIAL_SERVICESRECOMMENDED

Committee Advances $146K TIF Rebate to Hawthorn 45

The Finance Committee recommended forwarding to the Village Board a second TIF incentive rebate payment of $146,777.06 to Hawthorn 45, LLC. The payment reflects 70% of the tax increment from the second installment of the 2024 levy year for a parcel in the South TIF District.

Status
RECOMMENDED
Document date
April 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hawthorn 45 Llc
Agency
Western Springs village (pt.) · IL

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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
$146,777.06
Contract type
FINANCIAL_SERVICES
Contract term
Second disbursement of 2024 levy year increment (70% of increment for specific parcel)
Renewal date
2026-03-09
Renewal
Second disbursement tied to 2024 levy year increment under an existing TIF incentive arrangement; future payments will depend on subsequent tax increment collections and agreement terms.
Document type
Agenda
Source document
Village of Western Springs Finance Committee Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Western Springs village (pt.)?

Hawthorn 45 Llc was awarded this financial services contract by Western Springs village (pt.), as recorded on April 7, 2026. The contract value is $146,777.06.

How much is the Hawthorn 45 Llc contract with Western Springs village (pt.) worth?

The Hawthorn 45 Llc contract with Western Springs village (pt.) is valued at $146,777.06, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Western Springs Finance Committee Agenda April 2026 (Agenda), dated April 7, 2026 from Western Springs village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hawthorn 45 Llc hold?

Hawthorn 45 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 Hawthorn 45 Llc's profile

What is Western Springs village (pt.) currently buying?

Explore Western Springs village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Western Springs village (pt.)'s profile

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