Village of Orion Board of Trustees Meeting Agenda May 18 2026
Village considers TIF forgivable loan for new business
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Description
The Village Board will discuss a proposed TIF-funded 5-year forgivable loan to Payton & Jason Marshall to assist with start-up costs for a business at 306 10th Ave. The item is presented as an economic development incentive under the village's tax increment financing program.
Contract Details
Vendor
PAYTON & JASON MARSHALL
Agency
Town of Orion, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
5 years (proposed forgivable loan term)
Renewal Info
Proposed incentive structured as a 5-year forgivable loan; specific forgiveness schedule not detailed in the agenda.
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