$100,000 loan for Sangalli's Steakhouse renovation
Town of PekinCity · Pekin, IL- Disclosed value
- $100,000
- From agenda
- Document date
- Sep 22, 2025
- Term
- 4 years
The 30-second brief
Jack Sangalli seeking $100,000 forgivable loan through the Return on Investment program to help perform renovations to his building at 2217 Court Street to reopen Sangalli's Steakhouse. Mr. Sangalli will have to generate $25,000 per year in sales taxes to the City each year for 4 years or pay the difference if that falls short in a given year.
Jack Sangalli & D Sangalli Enterprises holds this loan contract with Town of Pekin. Its other public contracts on record include work for City of Pekin city.
Term as filed: 4 years.
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Contract details
- Contract type
- Loan
- Amount
- $100,000
- Document date
- September 22, 2025
- Term
- 4 years
- Vendor
- Jack Sangalli & D Sangalli Enterprises
- Agency
- Town of Pekin
- Source document
- town-of-pekin-council-action-agenda-september-22-2025_d5b.pdf (Agenda)
Jack Sangalli & D Sangalli Enterprises's other public contracts
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Questions about this contract
Who was awarded the loan contract by Town of Pekin?
Jack Sangalli & D Sangalli Enterprises was awarded this loan contract by Town of Pekin, as recorded on September 22, 2025. The contract value is $100,000.
How much is the Jack Sangalli & D Sangalli Enterprises contract with Town of Pekin worth?
The Jack Sangalli & D Sangalli Enterprises contract with Town of Pekin is valued at $100,000, covering loan work.
What type of contract is this?
This is a Loan contract, documented as a agenda record.
Where was this contract approved?
This contract appears in town-of-pekin-council-action-agenda-september-22-2025_d5b.pdf (Agenda), dated September 22, 2025 from Town of Pekin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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