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FINANCIAL_SERVICESRECOMMENDED

ECDC backs $1.9M TIF incentive for Horton project

The Economic & Community Development Committee recommended moving forward with an economic incentive agreement with D.R. Horton, Inc. Midwest for up to $1,900,000 in TIF-funded reimbursements tied to the Summit at Yorktown townhome redevelopment at 4-44 Yorktown Convenience Center. Staff and Village Counsel were directed to finalize agreement terms for Village Board consideration, including front-loaded reimbursement of eligible costs such as demolition and remediation.

Document date · December 8, 2025

Issuing agencyLombard village (pt.)VendorD.r. Horton Inc Midwest

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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
up to $1,900,000
Contract type
FINANCIAL_SERVICES
Contract term
Project construction anticipated to be completed by end of 2025; reimbursement timing deviates from standard policy with up to 75% of eligible costs reimbursed at front end
Renewal date
2025-12-31
Renewal
Single project-based incentive funded from Butterfield Road/Yorktown TIF, with front-loaded reimbursement of up to 75% of eligible costs; no explicit renewal provisions discussed.
Document type
Minutes
Source document
village_of_lombard_economic_community_development.pdf

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village_of_lombard_village_board_of_trustees_meeti.pdf
AMENDED
Lombard village (pt.), IllinoisNov 17, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

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

D.r. Horton Inc Midwest was awarded this financial services contract by Lombard village (pt.), as recorded on December 8, 2025. The contract value is up to $1,900,000.

How much is the D.r. Horton Inc Midwest contract with Lombard village (pt.) worth?

The D.r. Horton Inc Midwest contract with Lombard village (pt.) is valued at up to $1,900,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in village_of_lombard_economic_community_development.pdf (Minutes), dated December 8, 2025 from Lombard village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does D.r. Horton Inc Midwest hold?

D.r. Horton Inc Midwest 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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