Lincoln College TIF Services Planned With Economic Development Group | City of Lincoln city | ECONOMIC DEVELOPMENT GROUP LTD

Scope & details

The full contract record, as filed.

Contract amount

$44,250.00 base professional fee for establishment, plus reimbursable costs; $5,750 annual administrative fee adjusted annually by CPI

Contract type

PROFESSIONAL_SERVICES

Contract term

Establishment services commence October 5, 2026 and are anticipated to continue until establishment of the TIF District, on or before February 1, 2027; annual administration for three years thereafter with automatic three-year renewals

Renewal date

2030-02-01

Renewal

Annual administration begins after establishment, runs for three years, and automatically renews for additional three-year periods unless the City provides notice of non-renewal at least one year before the contract period ends.

Document type

AgendaPacket

Source document

City of Lincoln AgendaPacket Regular City Council Meeting 2026-10-05

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City of Lincoln AgendaPacket Regular City Council Meeting 2026-10-05

PENDING

City of Lincoln city, Illinois$7,500.00 initial annual administrative fee; $5,750.00 base annual fee beginning in the second year, adjusted annually by CPI; reimbursable costs capped at $2,500 without advance written consentOct 4, 2026

City of Oregon Agreement Tax Increment Financing District Redevelopment Agreement 2026-09-29

ONGOING

City of Oregon, IllinoisSep 29, 2026

City of Lincoln AgendaPacket Committee of the Whole Meeting 2026-09-29

APPROVED

City of Lincoln city, Illinois$44,250.00 plus reimbursable costs; payable in three installments of $14,750.00 each plus costs at specified milestonesSep 29, 2026

City of Lincoln AgendaPacket Committee of the Whole Meeting 2026-09-29

APPROVED

City of Lincoln city, Illinois$5,750.00 annually plus annual CPI adjustment, with additional reimbursable costsSep 29, 2026

City of Lincoln AgendaPacket Committee of the Whole Meeting 2026-09-29

APPROVED

City of Lincoln city, IllinoisInitial Annual Administrative Fee $7,500.00; Base Annual Administrative Fee $5,750.00 plus annual CPI increase; Reimbursable Costs not to exceed $2,500.00 per year without prior written consentSep 29, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Lincoln city?

Economic Development Group Ltd was awarded this professional services contract by City of Lincoln city, as recorded on October 4, 2026. The contract value is $44,250.00 base professional fee for establishment, plus reimbursable costs; $5,750 annual administrative fee adjusted annually by CPI.

How much is the Economic Development Group Ltd contract with City of Lincoln city worth?

The Economic Development Group Ltd contract with City of Lincoln city is valued at $44,250.00 base professional fee for establishment, plus reimbursable costs; $5,750 annual administrative fee adjusted annually by CPI, covering professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lincoln AgendaPacket Regular City Council Meeting 2026-10-05 (AgendaPacket), dated October 4, 2026 from City of Lincoln city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Economic Development Group Ltd hold?

Economic Development Group Ltd 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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