FINANCIAL_SERVICESAPPROVED

City of Rockford city Awards Financial Services Contract to Rockford Area Arts Council (raac) (August 2026)

Rockford will reimburse the Rockford Area Arts Council for TIF increment generated by improvements to the Armory at 605 North Main Street for up to three years. The agreement channels tax increment financing revenues back to support the arts facility.

Status
APPROVED
Document date
August 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rockford Area Arts Council (raac)
Agency
City of Rockford city · IL

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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
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
For a period of up to three (3) years
Renewal
Reimbursement period capped at three years; ongoing payments depend on TIF increment generation.
Document type
Agenda
Source document
City of Rockford Finance and Personnel Committee Meeting Agenda 2026-08-24

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Rockford city?

Rockford Area Arts Council (raac) was awarded this financial services contract by City of Rockford city, as recorded on August 24, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Rockford Finance and Personnel Committee Meeting Agenda 2026-08-24 (Agenda), dated August 24, 2026 from City of Rockford city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rockford Area Arts Council (raac) hold?

Rockford Area Arts Council (raac) 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 Rockford Area Arts Council (raac)'s profile

What is City of Rockford city currently buying?

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

View City of Rockford city's profile

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