city-of-gilman-council-meeting-minutes-december-9-2024_722.md
Bank Receives Reimbursement for Land Sale Costs
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Description
The council approved a $10,000 reimbursement to Iroquois Farmers State Bank for extra costs associated with their recent land purchase, including soil and sidewalk improvements. The property’s location in the TIF III District means some funds will be recouped via future taxes.
Contract Details
Contract Amount
$10,000 (reimbursement)
Vendor
IROQUOIS FARMERS STATE BANK
Agency
City of Gilman, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 9, 2024
Renewal Info
One-time reimbursement related to specific land transaction; no ongoing renewal provisions.
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