TIF Redevelopment Agreement for Full Circle Automotive

The Community Development Committee recommended approval of a redevelopment agreement with Full Circle Automotive Service for up to $281,990.00 in TIF-eligible reimbursements. The City will use 75% of the incremental property tax revenue through the life of the Central City TIF District, expiring in 2038, to reimburse eligible renovation costs for the existing commercial building.

Scope & details

The full contract record, as filed.

Contract amount

up to $281,990.00

Contract type

FINANCIAL_SERVICES

Contract term

Through expiration of the Central City TIF District in 2038, or until reimbursement cap is reached

Renewal date

2038-12-31

Renewal

Reimbursement continues through the life of the Central City TIF District, which expires in 2038, or until the $281,990.00 reimbursement cap is reached. No automatic renewals are indicated.

Document type

Minutes

Source document

City of O'Fallon Community Development Committee Minutes 2025-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Full Circle Automotive Service was awarded this financial services contract by City of O'Fallon city, as recorded on July 14, 2025. The contract value is up to $281,990.00.

How much is the Full Circle Automotive Service contract with City of O'Fallon city worth?

The Full Circle Automotive Service contract with City of O'Fallon city is valued at up to $281,990.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of O'Fallon Community Development Committee Minutes 2025-07-14 (Minutes), dated July 14, 2025 from City of O'Fallon city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Full Circle Automotive Service hold?

Full Circle Automotive Service may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Full Circle Automotive Service's 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.

View City of O'Fallon city's profile