FINANCIAL_SERVICESAPPROVED

City of Pekin city Awards $20,000 Financial Services Contract to Touch of Glass (March 2022)

Pekin City Council approved a $20,000 five-year forgivable TIF loan to Touch of Glass to renovate its new location at 410 Court Street. The agreement supports electrical, HVAC, and bathroom improvements tied to a $75,000 investment.

Status
APPROVED
Document date
March 14, 2022
Contract type
FINANCIAL_SERVICES
Vendor
Touch of Glass
Agency
City of Pekin city · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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 compliance; no traditional renewal, but TIF agreement terms govern forgiveness schedule.
Document type
AgendaPacket
Source document
City of Pekin AgendaPacket Regular City Council Meeting 2022-03-14

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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 March 14, 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 agendapacket record.

Where was this contract approved?

This contract appears in City of Pekin AgendaPacket Regular City Council Meeting 2022-03-14 (AgendaPacket), dated March 14, 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.

View City of Pekin city's profile

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