City Confirms TIF Payments to Velvet Hanger
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Description
Carthage City Council noted that Velvet Hanger has fulfilled its TIF Agreement requirements and that the City has paid the agreed-upon amount under the incentive arrangement. The business is open and operating under the existing tax increment financing agreement.
Contract Details
Vendor
VELVET HANGER
Agency
City of Carthage, IL
Contract Type
OTHER
Document Date
April 14, 2026
Renewal Info
No renewal terms discussed; ongoing TIF agreement deemed fulfilled to date.
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