FINANCIAL_SERVICESPENDING

City to Reimburse Founders Grove Infrastructure via TIF

As part of the Founders Grove TIF agreement, Mount Vernon will reimburse Residences at Founders Grove, LLC up to $1.6 million from TIF revenues for eligible public infrastructure improvements. Payments will be made periodically over the TIF term based on documented construction costs.

Status
PENDING
Document date
July 13, 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 amount
Up to $1,600,000 reimbursement cap
Contract type
FINANCIAL_SERVICES
Contract term
Reimbursement period tied to 30-year TIF duration
Renewal
Maximum reimbursement of $1.6 million over life of TIF; no renewal beyond capped amount and 30-year term.
Document type
AgendaPacket
Source document
City of Mount Vernon AgendaPacket 2026-07-13

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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 13, 2026. The contract value is Up to $1,600,000 reimbursement cap.

How much is the Residences at Founders Grove Llc contract with City of Mount Vernon worth?

The Residences at Founders Grove Llc contract with City of Mount Vernon is valued at Up to $1,600,000 reimbursement cap, 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 City of Mount Vernon AgendaPacket 2026-07-13 (AgendaPacket), dated July 13, 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?

Explore City of Mount Vernon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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