FINANCIAL_SERVICESPENDING

City Weighs TIF Deal for Founders Grove Project

Mount Vernon is considering a Tax Increment Financing Agreement with Residences at Founders Grove, LLC for a large residential project at 12050 Upper Gilchrist Road. The 30-year, 100% TIF would redirect service payments to schools, developer public improvements, and city funds instead of conventional property taxes.

Status
PENDING
Document date
July 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Residences at Founders Grove Llc
Agency
City of Mount Vernon · OH

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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 type
FINANCIAL_SERVICES
Contract term
30-year TIF exemption period from first year improvements appear on tax roll
Renewal
Ordinance implements a 30-year, 100% TIF under prior Ordinance 2024-37; no traditional renewal but exemption ends 30 years after first appearance of improvements on tax roll.
Document type
AgendaPacket
Source document
City of Mount Vernon AgendaPacket 2026-07-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mount Vernon?

Residences at Founders Grove Llc was awarded this financial services contract by City of Mount Vernon, as recorded on July 27, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Mount Vernon AgendaPacket 2026-07-27 (AgendaPacket), dated July 27, 2026 from City of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Residences at Founders Grove Llc hold?

Residences at Founders Grove 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 Residences at Founders Grove Llc's profile

What is City of Mount Vernon currently buying?

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