City of Wilton Resolution 05112026B TIF Loan Payments
Eastern Iowa REC Receives Wilton TIF Loan Payment
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Description
Wilton City Council approved a TIF loan payment of $44,347.71 to Eastern Iowa REC tied to its Urban Renewal Plan, with the agreement running through June 30, 2031. The loan is repaid via incremental property tax revenue from Area 3.
Contract Details
Contract Amount
$44,347.71
Vendor
EASTERN IOWA REC
Agency
City of Wilton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Through 06/30/2031
Renewal Date
2031-06-30
Renewal Info
TIF loan agreement scheduled to expire 06/30/2031; any renewal or extension would require future council action.
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City of Wilton Agreement for Professional Services May 2026
City of Wilton Resolution 05112026D Professional Services Agreement
City of Wilton Resolution 05112026B TIF Loan Payments
City of Wilton Resolution 05112026B TIF Loan Payments
City of Wilton Resolution 05112026B TIF Loan Payments
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