OTHERPENDING

City Adjusts TIF Budget for Revolute Machine Incentive

Colona plans to amend its TIF IV budget to appropriate $250,000 for incentive payments under the Redevelopment Agreement with Revolute Machine, LLC. The budget change increases TIF IV disbursements to $1,049,684 funded from existing TIF IV cash.

Status
PENDING
Document date
June 22, 2026
Contract type
OTHER
Vendor
Revolute Machine Llc
Agency
Town of Colona · IL

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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
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
Not to exceed $250,000
Contract type
OTHER
Contract term
TIF IV District life; incentive obligation appropriated in FY 2026-2027 budget
Renewal
Single budget amendment supporting a one-time redevelopment agreement; no renewals specified.
Document type
AgendaPacket
Source document
City of Colona Agenda Packet COW & CC Meeting 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Colona?

Revolute Machine Llc was awarded this government contract by Town of Colona, as recorded on June 22, 2026. The contract value is Not to exceed $250,000.

How much is the Revolute Machine Llc contract with Town of Colona worth?

The Revolute Machine Llc contract with Town of Colona is valued at Not to exceed $250,000.

What type of contract is this?

This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Colona Agenda Packet COW & CC Meeting 2026-06-22 (AgendaPacket), dated June 22, 2026 from Town of Colona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Revolute Machine Llc hold?

Revolute Machine 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.

View Revolute Machine Llc's profile

What is Town of Colona currently buying?

Explore Town of Colona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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