TIF Redevelopment Agreement With JGS Lake Zurich West
Lake Zurich villageCity · Lake Zurich, IL- Disclosed value
- Rebate of $626,000 of future property taxes
- From agendapacket
- Document date
- Apr 17, 2023
The 30-second brief
Lake Zurich is considering approval of a Tax Increment Finance Redevelopment Agreement with JGS Lake Zurich West, LLC that will rebate $626,000 in future property taxes over several years. The incentive supports an $8.5 million manufacturing expansion at 550 Enterprise Parkway and the creation of 8–10 full-time jobs.
Jgs Lake Zurich West LLC holds this financial services contract with Lake Zurich village.
Term as filed: Rebate over several years through Tax Increment Finance District #4.
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Contract details
- Contract type
- Financial Services
- Amount
- Rebate of $626,000 of future property taxes
- Document date
- April 17, 2023
- Term
- Rebate over several years through Tax Increment Finance District #4
- Vendor
- Jgs Lake Zurich West LLC
- Agency
- Lake Zurich village
- Source document
- Village of Lake Zurich Board of Trustees Meeting Agenda Packet April 2023 (AgendaPacket)
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Questions about this contract
Who was awarded the financial services contract by Lake Zurich village?
Jgs Lake Zurich West LLC was awarded this financial services contract by Lake Zurich village, as recorded on April 17, 2023. The contract value is Rebate of $626,000 of future property taxes.
How much is the Jgs Lake Zurich West LLC contract with Lake Zurich village worth?
The Jgs Lake Zurich West LLC contract with Lake Zurich village is valued at Rebate of $626,000 of future property taxes, covering financial services work.
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 Village of Lake Zurich Board of Trustees Meeting Agenda Packet April 2023 (AgendaPacket), dated April 17, 2023 from Lake Zurich village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jgs Lake Zurich West LLC hold?
Jgs Lake Zurich West 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.
What is Lake Zurich village currently buying?
Explore Lake Zurich village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.