City Considers TIF Incentive Agreement with Arista Villas

Mount Vernon Council is deliberating Ordinance 2026-26 to establish incentive districts and authorize a Tax Increment Financing agreement with Arista Villas Mount Vernon, LLC. The proposed TIF structure would exempt improvements from property taxes and redirect service payments to fund infrastructure improvements tied to the Arista Villas development.

Document date · August 10, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

30 years (anticipated TIF period referenced)

Renewal

Ordinance describes creation of incentive districts with service payments in lieu of taxes; detailed term and reimbursement caps are in the full agreement, which is not fully reproduced in the excerpt.

Document type

Agenda

Source document

City of Mount Vernon Agenda 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Mount Vernon?

Arista Villas Mount Vernon Llc was awarded this financial services contract by City of Mount Vernon, as recorded on August 10, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Mount Vernon Agenda 2026-08-10 (Agenda), dated August 10, 2026 from City of Mount Vernon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Arista Villas Mount Vernon Llc hold?

Arista Villas Mount Vernon Llc 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 Arista Villas Mount Vernon Llc's profile

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