TIF Surplus Remitted to Lake County Collector
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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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