Village of Orion Minutes Regular Meeting 2026-05-18
Jacob & Klein to Draft 5-Year TIF Incentive Agreement
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Description
Village of Orion authorized Jacob & Klein to prepare a TIF incentive agreement for a 5-year forgivable loan supporting new ownership of 'O' Kitchen & Tap, contingent on property sale.
Contract Details
Vendor
JACOB & KLEIN
Agency
Orion village, IL
Contract Type
CONSULTING
Document Date
May 18, 2026
Contract Term
5 years (loan forgiveness period)
Renewal Date
2031-05-18
Renewal Info
Agreement, once executed, will feature a 5-year forgivable loan structure, with repayment terms if business closes early.
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Village of Orion Minutes Regular Meeting 2026-05-18
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