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Beck Oil awarded 2.57M TIF for redevelopment
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Description
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.
Contract Details
Contract Amount
$2,570,000.00
Vendor
BECK OIL
Agency
Town of Nameoki, IL
Contract Type
TIF Redevelopment
Document Date
August 12, 2025
Contract Term
23 years
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