TIF forgivable loan approved for Touch of Glass

Scope & details

The full contract record, as filed.

Contract amount

$20,000

Contract type

FINANCIAL_SERVICES

Contract term

Five-year forgivable loan, forgiven 1/5 annually; project completion within 12 months

Renewal date

2027-02-28

Renewal

Loan is forgiven over five years at 20% per year contingent on completion of improvements within 12 months and compliance with the redevelopment agreement.

Document type

Minutes

Source document

City of Pekin Minutes Proceedings of the Regular Meeting 2022-02-28

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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 Pekin city?

Touch of Glass was awarded this financial services contract by City of Pekin city, as recorded on February 28, 2022. The contract value is $20,000.

How much is the Touch of Glass contract with City of Pekin city worth?

The Touch of Glass contract with City of Pekin city is valued at $20,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Pekin Minutes Proceedings of the Regular Meeting 2022-02-28 (Minutes), dated February 28, 2022 from City of Pekin city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Touch of Glass hold?

Touch of Glass 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 Touch of Glass's profile

What is City of Pekin city currently buying?

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

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