City Explores Land Purchase for Future TIF Subdivision
City of MartinsvilleCity · IL- Disclosed value
- $20,000 per acre (proposed); 4 yearly installments of $100,000 plus 6% interest
- From minutes
- Document date
- Jan 28, 2026
- Term
- 4 yearly installments
The 30-second brief
The City of Martinsville is considering purchasing 26 acres from Terry Fisher at a proposed price of $20,000 per acre with structured payments over four years at 6% interest to support a future TIF subdivision. The mayor will proceed to have attorneys negotiate a formal purchase offer.
Fisher, Terry holds this facilities contract with City of Martinsville. Its other public contracts on record include work for Beatty Water And Sanitation District and Anchorage School District.
Term as filed: 4 yearly installments.
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Contract details
- Contract type
- Facilities
- Amount
- $20,000 per acre (proposed); 4 yearly installments of $100,000 plus 6% interest
- Document date
- January 28, 2026
- Term
- 4 yearly installments
- Vendor
- Fisher, Terry
- Agency
- City of Martinsville
- Source document
- City of Martinsville Regular Meeting Minutes January 2026 (Minutes)
Fisher, Terry's other public contracts
More City of Martinsville contracts
Questions about this contract
Who was awarded the facilities contract by City of Martinsville?
Fisher, Terry was awarded this facilities contract by City of Martinsville, as recorded on January 28, 2026. The contract value is $20,000 per acre (proposed); 4 yearly installments of $100,000 plus 6% interest.
How much is the Fisher, Terry contract with City of Martinsville worth?
The Fisher, Terry contract with City of Martinsville is valued at $20,000 per acre (proposed); 4 yearly installments of $100,000 plus 6% interest, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Martinsville Regular Meeting Minutes January 2026 (Minutes), dated January 28, 2026 from City of Martinsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Fisher, Terry hold?
Fisher, Terry may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Martinsville currently buying?
Explore City of Martinsville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.