City of Pekin Council Meeting Minutes March 2026
TIF Incentives Approved for DCTA Properties Housing Rehab
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Description
Council approved a TIF redevelopment agreement with DCTA Properties, LLC for the rehabilitation of 114 Edds Street, offering up to $30,000 in incentives for residential renovation. Compliance conditions apply for five years.
Contract Details
Contract Amount
Up to $30,000 (reimbursement of TIF eligible costs, max 50%)
Vendor
DCTA PROPERTIES LLC
Agency
City of Pekin city, IL
Contract Type
OTHER
Document Date
March 9, 2026
Contract Term
Five-year compliance required
Renewal Date
2031-03-09
Renewal Info
Compliance and recapture provisions in effect for five years after closing
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