FINANCIAL_SERVICESRECOMMENDED

Urbana to allocate bond cap to Eastern Illinois EDA

The City of Urbana plans to transfer $2,688,592.50 of its 2026 private activity bond volume cap to the Eastern Illinois Economic Development Authority for use in financing eligible affordable housing projects. The Committee of the Whole is recommending approval of Resolution 2026-04-013R for City Council consent agenda action.

Status
RECOMMENDED
Document date
April 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Eastern Illinois Economic Development Authority
Agency
City of Urbana · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,688,592.50
Contract type
FINANCIAL_SERVICES
Contract term
Calendar year 2026 private activity bond volume cap allocation
Renewal date
2026-12-31
Renewal
One-time allocation of 2026 private activity bond volume cap; unused bond cap reverts to the State of Illinois after statutory deadlines.
Document type
AgendaPacket
Source document
City of Urbana Committee of the Whole Meeting Agenda Packet April 2026

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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 Urbana?

Eastern Illinois Economic Development Authority was awarded this financial services contract by City of Urbana, as recorded on April 6, 2026. The contract value is $2,688,592.50.

How much is the Eastern Illinois Economic Development Authority contract with City of Urbana worth?

The Eastern Illinois Economic Development Authority contract with City of Urbana is valued at $2,688,592.50, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Urbana Committee of the Whole Meeting Agenda Packet April 2026 (AgendaPacket), dated April 6, 2026 from City of Urbana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eastern Illinois Economic Development Authority hold?

Eastern Illinois Economic Development Authority 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 Eastern Illinois Economic Development Authority's profile

What is City of Urbana currently buying?

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

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