City of Mt. Vernon Council Meeting Minutes April 2026
Council OKs Land Sale and TIF Deal for Trampoline Park
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Description
The Mt. Vernon City Council approved Ordinance #2026-16 authorizing the sale of 5 acres in Chelsey Industrial Park to Fritz Krampe Enterprises LLC for $25,000 and a redevelopment agreement for The Arena Trampoline Park. The deal includes $471,550 in TIF assistance to be paid over the life of the TIF district through December 2034.
Contract Details
Contract Amount
$25,000 for land purchase; $471,550 TIF assistance (15% of project cost)
Vendor
FRITZ KRAMPE ENTERPRISES LLC
Agency
City of Mount Vernon, IL
Contract Type
OTHER
Document Date
April 6, 2026
Contract Term
TIF assistance paid over remaining life of TIF District through December 2034
Renewal Date
2034-12-31
Renewal Info
TIF assistance structured over remaining life of TIF district, which expires December 2034; no renewal options specified.
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