City of Salem AgendaPacket Regular City Council Meeting 2026-06-01
TIF 2 Agreement Reached With H&H Property Holdings
Trusted by teams at
Description
Salem plans to approve a TIF 2 agreement with H&H Property Holdings, LLC to reimburse $90,000 toward a $300,000 renovation of an industrial park property. Reimbursement will occur no sooner than May 1, 2027 after verification of work and expenses.
Contract Details
Contract Amount
$90,000.00
Vendor
H&H PROPERTY HOLDINGS LLC
Agency
Town of Salem, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
Reimbursement no sooner than May 1, 2027
Renewal Date
2027-05-01
Renewal Info
One-time reimbursement under TIF 2, payable no sooner than May 1, 2027 after verification of eligible project costs.
More from Town of Salem
City of Salem AgendaPacket Regular City Council Meeting 2026-06-01
City of Salem AgendaPacket Regular City Council Meeting 2026-06-01
town-of-salem-regular-city-council-meeting-agenda-october-20-2025_b52.pdf
town-of-salem-regular-city-council-meeting-agenda-october-20-2025_b52.pdf
town-of-salem-public-hearing-minutes-safe-routes-to-school_771.pdf
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.