TIF Agreement Amended For Horlick District Project

Racine intends to amend its tax increment financing agreement with J. Jeffers & Co. for the Horlick Historic District redevelopment. The amendment raises the City loan by $1 million, to be repaid over four years from project revenues.

Document date · November 16, 2021

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Scope & details

The full contract record, as filed.

Contract amount

City loan increase of $1,000,000

Contract type

FACILITIES

Contract term

4 year term for repayment

Renewal date

2025-12-31

Renewal

Amendment increases principal of existing City loan by $1,000,000 with a four‑year repayment term; other TIF agreement terms remain unchanged.

Document type

Agenda

Source document

city_of_racine_common_council_meeting_agenda_revis.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Racine?

J Jeffers & Company was awarded this facilities contract by City of Racine, as recorded on November 16, 2021. The contract value is City loan increase of $1,000,000.

How much is the J Jeffers & Company contract with City of Racine worth?

The J Jeffers & Company contract with City of Racine is valued at City loan increase of $1,000,000, covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_of_racine_common_council_meeting_agenda_revis.pdf (Agenda), dated November 16, 2021 from City of Racine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does J Jeffers & Company hold?

J Jeffers & Company 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 J Jeffers & Company's profile

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