TIF Agreement Awarded for Manufacturing Expansion
Lake Zurich villageCity · Lake Zurich, IL- Disclosed value
- $626,000 (rebate via future property taxes)
- From agenda
- Approved
- Apr 17, 2023
The 30-second brief
Village of Lake Zurich approved a TIF development agreement with JGS Lake Zurich West, LLC, providing up to $626,000 in property tax rebates for a new manufacturing expansion at 550 Enterprise Parkway.
Jgs Lake Zurich West LLC holds this contract with Lake Zurich village.
Term as filed: over several years (timeline under TIF District #4).
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Contract details
- Amount
- $626,000 (rebate via future property taxes)
- Document date
- April 17, 2023
- Term
- over several years (timeline under TIF District #4)
- Vendor
- Jgs Lake Zurich West LLC
- Agency
- Lake Zurich village
- Source document
- Village of Lake Zurich Board of Trustees Agenda April 2023 (Agenda)
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Questions about this contract
Who was awarded the government contract by Lake Zurich village?
Jgs Lake Zurich West LLC was awarded this government contract by Lake Zurich village, as recorded on April 17, 2023. The contract value is $626,000 (rebate via future property taxes).
How much is the Jgs Lake Zurich West LLC contract with Lake Zurich village worth?
The Jgs Lake Zurich West LLC contract with Lake Zurich village is valued at $626,000 (rebate via future property taxes).
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Village of Lake Zurich Board of Trustees Agenda April 2023 (Agenda), dated April 17, 2023 from Lake Zurich village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jgs Lake Zurich West LLC hold?
Jgs Lake Zurich West 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.
What is Lake Zurich village currently buying?
Explore Lake Zurich village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.