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Town of Pekin Awards $824,000 Tif Redevelopment Contract to ESTES3 (May 2025)

Town of Pekin
Disclosed value
$824,000.00
From contract
Approved
May 27, 2025
Term
Until 2045

See who signed off on this $824K contract.

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THE 30-SECOND BRIEF

What it covers

The City of Pekin approves a TIF redevelopment agreement with Estes3, LLC, reimbursing up to $824,000 for the Estes3, LLC Redevelopment Project. The city will reimburse fifty percent of incremental real estate tax increase. Agreement effective May 27, 2025, lasts until tax year 2044 payable in year 2045.

Who holds it

ESTES3 holds this tif redevelopment contract with Town of Pekin. Its other public contracts on record include work for City of Pekin city.

What happens next

Term as filed: Until 2045.

Contract details

Contract type
Tif Redevelopment
Amount
$824,000.00
Document date
May 27, 2025
Term
Until 2045
Vendor
ESTES3
Agency
Town of Pekin
Source document
city-of-pekin-redevelopment-agreement-with-estes3-llc_111.pdf (Contract)

ESTES3's other public contracts

Town of Pekin, IllinoisE3 Collision to get $824,000 TIF assistance · May 27, 2025$824KCity of Pekin city, IllinoisPekin approves $824,000 TIF for E3 Collision · May 27, 2025$824KAll ESTES3 contractsVendor profile

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Questions about this contract

Who was awarded the tif redevelopment contract by Town of Pekin?

ESTES3 was awarded this tif redevelopment contract by Town of Pekin, as recorded on May 27, 2025. The contract value is $824,000.00.

How much is the ESTES3 contract with Town of Pekin worth?

The ESTES3 contract with Town of Pekin is valued at $824,000.00, covering tif redevelopment work.

What type of contract is this?

This is a Tif Redevelopment contract, documented as a contract record.

Where was this contract approved?

This contract appears in city-of-pekin-redevelopment-agreement-with-estes3-llc_111.pdf (Contract), dated May 27, 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 ESTES3 hold?

ESTES3 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.

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