City of Edwardsville Finance Committee Agenda March 12 2026
Edwardsville Approves $2.16M Redevelopment Deal with Fireside Financial
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Description
The City of Edwardsville approved a Business District Redevelopment Agreement with Fireside Financial, LLC for up to $2,157,504.32 in eligible project cost reimbursement over a term not to exceed 23 years, funded by the 400 North Main Business District tax revenues.
Contract Details
Contract Amount
Maximum total reimbursement up to $2,157,504.32 (subject to eligible project costs and City verification)
Vendor
FIRESIDE FINANCIAL LLC
Agency
City of Edwardsville, IL
Contract Type
OTHER
Document Date
March 12, 2026
Contract Term
Commencement 2026, up to 23 years from Business District Plan adoption on November 21, 2023, or until capped amount is fully reimbursed
Renewal Date
2046-11-21
Renewal Info
Agreement terminates at earliest of reimbursement cap met, district expiration (23 years from November 21, 2023), or 365 days of noncompletion with written notice. May only be amended in writing by both parties.
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APPROVEDMore from City of Edwardsville
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