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O’Fallon Approves TIF Reimbursement Deal with ALWA

City of O'Fallon city logoCity of O'Fallon city
Disclosed value
Reimbursement of 75% of incremental EAV up to Total Estimated Eligible Costs $2,700,231.00
From agreement
Approved
Jan 1, 2025
Renews
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The 30-second brief

What it covers

The City of O’Fallon approved a redevelopment agreement with ALWA Properties to reimburse 75% of incremental EAV-generated tax increment for eligible project costs, up to an estimated $2,700,231.00. The agreement supports renovation of an existing building for a service business through 2038 or until the funding cap is reached.

Who holds it

Alwa Properties holds this contract with City of O'Fallon city.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of O'Fallon city contract.

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Contract details

Amount
Reimbursement of 75% of incremental EAV up to Total Estimated Eligible Costs $2,700,231.00
Document date
January 1, 2025
Term
From execution of Agreement until earlier of June 1, 2038 (TIF expiration) or when maximum funding amount is reached
Renews
Free account
Vendor
Alwa Properties
Agency
City of O'Fallon city
Source document
City of O’Fallon Redevelopment Agreement 2025-01-01 (Agreement)

Alwa Properties's other public contracts

City of O'Fallon city, IllinoisALWA Properties awarded $2.7M redevelopment contract · Nov 17, 2025$2.7MCity of O'Fallon city, IllinoisCouncil OKs Redevelopment Deal with ALWA Properties · Nov 17, 2025UndisclosedCity of O'Fallon city, IllinoisCity backs ALWA Properties TIF redevelopment deal · Nov 10, 2025All Alwa Properties contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of O'Fallon city?

Alwa Properties was awarded this government contract by City of O'Fallon city, as recorded on January 1, 2025. The contract value is Reimbursement of 75% of incremental EAV up to Total Estimated Eligible Costs $2,700,231.00.

How much is the Alwa Properties contract with City of O'Fallon city worth?

The Alwa Properties contract with City of O'Fallon city is valued at Reimbursement of 75% of incremental EAV up to Total Estimated Eligible Costs $2,700,231.00.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in City of O’Fallon Redevelopment Agreement 2025-01-01 (Agreement), dated January 1, 2025 from City of O'Fallon city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Alwa Properties hold?

Alwa Properties 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 City of O'Fallon city currently buying?

Explore City of O'Fallon city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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