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FINANCIAL_SERVICESAPPROVED

Village of Vernon Hills Village Board Agenda Packet May 19 2026

TIF Surplus Remitted to Lake County Collector

$1,712,248.18Vernon Hills villageLAKE COUNTY COLLECTORMay 18, 2026

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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

Description

The Village remitted $1,712,248.18 to the Lake County Collector for the 2025 Town Center TIF surplus. This fulfills the statutory obligation to distribute excess TIF funds to overlapping taxing bodies.

Contract Details

Contract Amount

$1,712,248.18

Vendor

LAKE COUNTY COLLECTOR

Agency

Vernon Hills village, IL

Contract Type

FINANCIAL_SERVICES

Document Date

May 18, 2026

Contract Term

Tax Year 2025 TIF surplus distribution

Renewal Date

2026-12-31

Renewal Info

Annual or periodic TIF surplus distributions as required by TIF agreements and state law.

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