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Milestone Payment Approved for Horizon Development Group Inc Redevelopment

Carpentersville village (pt.) logoCarpentersville village (pt.)
Disclosed value
First of four milestone payments (amount not specified)
From minutes
Approved
Jun 9, 2026

The 30-second brief

What it covers

The Village of Carpentersville Board of Trustees approved the disbursement of the first milestone payment to Horizon Development Group, Inc. as per the Redevelopment Agreement dated November 4, 2025. The payment is contingent on Horizon's closing on the property and is the first of four scheduled milestone payments.

Who holds it

Horizon Development Group Inc holds this contract with Carpentersville village (pt.). Its other public contracts on record include work for City of Mason.

What happens next

Term as filed: Redevelopment Agreement dated November 4, 2025; timeline not specified.

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Contract details

Amount
First of four milestone payments (amount not specified)
Document date
June 9, 2026
Term
Redevelopment Agreement dated November 4, 2025; timeline not specified
Vendor
Horizon Development Group Inc
Agency
Carpentersville village (pt.)
Source document
Village of Carpentersville Board of Trustees Special Board Meeting Minutes 2026-06-09 (Minutes)

Horizon Development Group Inc's other public contracts

City of Mason, IowaCity to Terminate Encore Senior Living Purchase Agreement · Jul 7, 2026UndisclosedCity of Mason, IowaTermination of Encore Senior Living Purchase Agreement · Jul 7, 2026UndisclosedCarpentersville village (pt.), IllinoisVillage Approves $1M Milestone Payment to Horizon for Iron Flats · Jun 9, 2026City of Mason, IllinoisHorizon Development Group Seeks Senior Living Project Variance · Mar 31, 2026UndisclosedCarpentersville village (pt.), IllinoisBoard Confirms Funding Terms For Horizon Redevelopment · Nov 18, 2025UndisclosedAll Horizon Development Group Inc contractsVendor profile

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Questions about this contract

Who was awarded the government contract by Carpentersville village (pt.)?

Horizon Development Group Inc was awarded this government contract by Carpentersville village (pt.), as recorded on June 9, 2026.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Village of Carpentersville Board of Trustees Special Board Meeting Minutes 2026-06-09 (Minutes), dated June 9, 2026 from Carpentersville village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Horizon Development Group Inc hold?

Horizon Development Group Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Carpentersville village (pt.) currently buying?

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

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