Town of Tolono Awards Financial Services Contract to Mitchell Properties & Gary W. Mitchell (August 2026)

The Village of Tolono adopted an inducement resolution on August 4, 2026 in support of a Tolono TIF District II commercial redevelopment project by Mitchell Properties & Gary W. Mitchell. The resolution signals the Village’s intent to reimburse eligible project costs from future tax increment through a redevelopment agreement.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Inducement resolution only; the Village and Developer intend to negotiate and execute a formal Redevelopment Agreement under TIF II to reimburse eligible project costs from tax increment.

Document type

AgendaPacket

Source document

Village of Tolono Board of Trustees Meeting Agenda Packet 2026-08-04

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Village of Tolono Board of Trustees Meeting Agenda Packet 2026-08-04

RECOMMENDED

Town of Tolono, IllinoisAug 4, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Tolono?

Mitchell Properties & Gary W. Mitchell was awarded this financial services contract by Town of Tolono, as recorded on August 4, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Tolono Board of Trustees Meeting Agenda Packet 2026-08-04 (AgendaPacket), dated August 4, 2026 from Town of Tolono. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mitchell Properties & Gary W. Mitchell hold?

Mitchell Properties & Gary W. Mitchell may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Tolono currently buying?

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