Council Considers TIF Pact With Founders Grove LLC

The Mount Vernon City Council is considering Ordinance 2026-23 to consent to and approve execution of a tax increment financing agreement with Residences at Founders Grove, LLC for a development at 12050 Upper Gilchrist Road. The action would establish the TIF framework for this project upon approval.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Renewal

No renewal or extension terms are specified in the agenda text; TIF agreements typically run for a fixed statutory period defined in the full agreement.

Document type

Agenda

Source document

City of Mount Vernon City Council Agenda 2026-08-10

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Mount Vernon?

Residences at Founders Grove Llc was awarded this government contract by City of Mount Vernon, as recorded on August 10, 2026.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Mount Vernon City Council 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 Residences at Founders Grove Llc hold?

Residences at Founders Grove 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 Residences at Founders Grove Llc's profile

What is City of Mount Vernon currently buying?

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

View City of Mount Vernon's profile