Town of Pekin Awards $45,000 Residential Development Tif Contract to Margaret a Herrman Trust (June 2025)
Town of PekinCity · Pekin, IL- Disclosed value
- $45,000
- From agenda
- Approved
- Jun 23, 2025
- Term
- 10 years
The 30-second brief
Approval of the Court Street TIF District Redevelopment Agreement between the City of Pekin and Margaret A. Herrman Trust, offering up to $45,000 in property tax increment rebates over 10 years for a new home project at 1915 Velde Drive, with a total investment exceeding $400,000.
Margaret a Herrman Trust holds this residential development tif contract with Town of Pekin. Its other public contracts on record include work for City of Pekin city and City of Pekin.
Term as filed: 10 years.
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Contract details
- Contract type
- Residential Development Tif
- Amount
- $45,000
- Document date
- June 23, 2025
- Term
- 10 years
- Vendor
- Margaret a Herrman Trust
- Agency
- Town of Pekin
- Source document
- town-of-pekin-council-action-agenda-june-23-2025_f66.pdf (Agenda)
Margaret a Herrman Trust's other public contracts
More Town of Pekin contracts
Questions about this contract
Who was awarded the residential development tif contract by Town of Pekin?
Margaret a Herrman Trust was awarded this residential development tif contract by Town of Pekin, as recorded on June 23, 2025. The contract value is $45,000.
How much is the Margaret a Herrman Trust contract with Town of Pekin worth?
The Margaret a Herrman Trust contract with Town of Pekin is valued at $45,000, covering residential development tif work.
What type of contract is this?
This is a Residential Development Tif contract, documented as a agenda record.
Where was this contract approved?
This contract appears in town-of-pekin-council-action-agenda-june-23-2025_f66.pdf (Agenda), dated June 23, 2025 from Town of Pekin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Margaret a Herrman Trust hold?
Margaret a Herrman Trust 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 Town of Pekin currently buying?
Explore Town of Pekin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.