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City of DeKalb city Awards $83,000 Forgivable Loan Contract to Heartland Bank (October 2025)

City of DeKalb city logoCity of DeKalb city
Disclosed value
$83,000
From agenda
Approved
Oct 24, 2025
Term
20 years

The 30-second brief

What it covers

The Council awarded a TIF forgivable loan to Heartland Bank in the amount of $83,000, to construct a neighborhood bank with drive-through lanes at the corner of Grove Street and S. Fourth Street.

Who holds it

Heartland Bank holds this forgivable loan contract with City of DeKalb city. Its other public contracts on record include work for Town of Prairie and Hampshire Park District.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Forgivable Loan
Amount
$83,000
Document date
October 24, 2025
Term
20 years
Vendor
Heartland Bank
Agency
City of DeKalb city
Source document
joint_review_board_tif_3_agenda_october_2025.pdf (Agenda)

Heartland Bank's other public contracts

Town of Prairie, OhioPrairie Township Considers Heartland Bank Credit Card · Oct 14, 2026UndisclosedHampshire Park District, IllinoisHeartland Bank Transfer Approved By Park District · Sep 28, 2026$100KHampshire Park District, IllinoisPark District Approves September Heartland Transfer · Sep 28, 2026$100KHampshire Park District, IllinoisPark District Seeks Approval for Heartland Bank Transfer · Sep 28, 2026$100KHampshire Park District, IllinoisPark District Seeks Approval for Heartland Bank Transfer · Sep 28, 2026$150KAll Heartland Bank contractsVendor profile

More City of DeKalb city contracts

Kinsale Contracting Group IncKinsale Contracting To Mitigate Monat Building Hazards · Aug 24, 2026Illinois Department of TransportationDeKalb Seeks IDOT CVP Funding For Transit Fleet · Aug 24, 2026$595KCommonwealth Edison CompanyOrdinance To Approve ComEd Annexation Agreement · Aug 24, 2026UndisclosedIllinois Department of TransportationDeKalb Plans IDOT Grant For Paratransit Vehicles · Aug 24, 2026$595KCommonwealth Edison CompanyDeKalb, ComEd Annexation And Development Agreement · Aug 24, 2026UndisclosedAll City of DeKalb city activityAgency profile

Questions about this contract

Who was awarded the forgivable loan contract by City of DeKalb city?

Heartland Bank was awarded this forgivable loan contract by City of DeKalb city, as recorded on October 24, 2025. The contract value is $83,000.

How much is the Heartland Bank contract with City of DeKalb city worth?

The Heartland Bank contract with City of DeKalb city is valued at $83,000, covering forgivable loan work.

What type of contract is this?

This is a Forgivable Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in joint_review_board_tif_3_agenda_october_2025.pdf (Agenda), dated October 24, 2025 from City of DeKalb city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Heartland Bank hold?

Heartland Bank 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 DeKalb city currently buying?

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

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