City of Pekin Awards Financial Services Contract to Margaret a Herrman Trust (June 2025)
City of PekinCity · ND- Disclosed value
- Up to $45,000 in property tax increment rebates
- From minutes
- Approved
- Jun 23, 2025
- Term
- Period not to exceed ten years
The 30-second brief
The City of Pekin approved a Court Street TIF District Redevelopment Agreement with the Margaret A. Herrman Trust to support construction of a new home at 1915 Velde Drive. The agreement provides up to $45,000 in property tax increment rebates over a term of up to ten years, based on eligible expenses and final assessment.
Margaret a Herrman Trust holds this financial services contract with City of Pekin. Its other public contracts on record include work for Town of Pekin and City of Pekin city.
Term as filed: Period not to exceed ten years.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $45,000 in property tax increment rebates
- Document date
- June 23, 2025
- Term
- Period not to exceed ten years
- Vendor
- Margaret a Herrman Trust
- Agency
- City of Pekin
- Source document
- pekin-city-council-minutes-fire-truck-purchase-solar-subscriptions-jun-23-2025_4f3.md (Minutes)
Margaret a Herrman Trust's other public contracts
More City of Pekin contracts
Questions about this contract
Who was awarded the financial services contract by City of Pekin?
Margaret a Herrman Trust was awarded this financial services contract by City of Pekin, as recorded on June 23, 2025. The contract value is Up to $45,000 in property tax increment rebates.
How much is the Margaret a Herrman Trust contract with City of Pekin worth?
The Margaret a Herrman Trust contract with City of Pekin is valued at Up to $45,000 in property tax increment rebates, 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 pekin-city-council-minutes-fire-truck-purchase-solar-subscriptions-jun-23-2025_4f3.md (Minutes), dated June 23, 2025 from City of Pekin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Margaret a Herrman Trust hold?
Margaret a Herrman Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Pekin currently buying?
Explore City of Pekin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.