Beck Oil awarded 2.57M TIF for redevelopment

A TIF Redevelopment Agreement with Beck's provides for an annual reimbursement of 85% of the net TIF increment generated by the Beck's property only, with a maximum potential reimbursement over the 23-year life of the TIF of $2,570,000.

Document date · August 12, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$2,570,000.00

Contract type

TIF Redevelopment

Contract term

23 years

Document type

Agenda

Source document

city-of-streator-special-city-council-meeting-agenda-august-12-2025_001.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the tif redevelopment contract by Town of Nameoki?

Beck Oil was awarded this tif redevelopment contract by Town of Nameoki, as recorded on August 12, 2025. The contract value is $2,570,000.00.

How much is the Beck Oil contract with Town of Nameoki worth?

The Beck Oil contract with Town of Nameoki is valued at $2,570,000.00, covering tif redevelopment work.

What type of contract is this?

This is a Tif Redevelopment contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-streator-special-city-council-meeting-agenda-august-12-2025_001.pdf (Agenda), dated August 12, 2025 from Town of Nameoki. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Beck Oil hold?

Beck Oil 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 Beck Oil's profile

What is Town of Nameoki currently buying?

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