FINANCIAL_SERVICESAPPROVED

City of Polo Awards Financial Services Contract to Next Landscaping Llc (August 2026)

The City of Polo entered into a TIF Redevelopment Agreement with Next Landscaping, LLC on March 20, 2023, authorizing a loan of up to $30,000 at 3% interest to support $135,000 in eligible redevelopment costs for 107 and 109 E. Locust Street. The five‑year loan is partially forgivable annually, contingent on property retention and financial stability.

Status
APPROVED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Next Landscaping Llc
Agency
City of Polo · IL

Trusted by teams at

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
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
Up to $30,000 loan; total estimated TIF eligible project costs $135,000
Contract type
FINANCIAL_SERVICES
Contract term
Loan term five (5) years from date of disbursement; project completion within 12 months of March 20, 2023
Renewal
Loan term is five years from disbursement with one‑fifth of the remaining balance and accrued interest forgiven each year on the anniversary of disbursement for five years, provided the Developer does not sell or transfer the property, file bankruptcy, or become subject to foreclosure. Upon default, remaining balance and accrued interest become immediately due.
Document type
Agenda
Source document
City of Polo Agenda 2026-08-03

Related contracts

Other contracts from Next Landscaping Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Polo?

Next Landscaping Llc was awarded this financial services contract by City of Polo, as recorded on August 3, 2026. The contract value is Up to $30,000 loan; total estimated TIF eligible project costs $135,000.

How much is the Next Landscaping Llc contract with City of Polo worth?

The Next Landscaping Llc contract with City of Polo is valued at Up to $30,000 loan; total estimated TIF eligible project costs $135,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Polo Agenda 2026-08-03 (Agenda), dated August 3, 2026 from City of Polo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Next Landscaping Llc hold?

Next Landscaping Llc 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 Next Landscaping Llc's profile

What is City of Polo currently buying?

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

View City of Polo's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free