CONTRACTPENDING

Proposed TIF agreement for Griffins Reserve subdivision

City of Vandalia
Document date
Nov 2, 2026

The 30-second brief

What it covers

Vandalia staff proposes a Tax Increment Financing Incentive District and associated TIF Agreement with Griffins Reserve LLC for a 14-lot residential subdivision. The 10-year TIF would reimburse the developer’s eligible public infrastructure costs using payments in lieu of taxes on 75% of the new property value.

Who holds it

Griffins Reserve LLC holds this financial services contract with City of Vandalia.

What happens next

Term as filed: Proposed TIF term of 10 years beginning when at least $5 million in building improvements appear on tax duplicate.

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Contract details

Contract type
Financial Services
Document date
November 2, 2026
Term
Proposed TIF term of 10 years beginning when at least $5 million in building improvements appear on tax duplicate
Vendor
Griffins Reserve LLC
Source document
City of Vandalia AgendaPacket Study Session and Council Meeting 2026-11-02 (AgendaPacket)

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Questions about this contract

Who was awarded the financial services contract by City of Vandalia?

Griffins Reserve LLC was awarded this financial services contract by City of Vandalia, as recorded on November 2, 2026.

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 Vandalia AgendaPacket Study Session and Council Meeting 2026-11-02 (AgendaPacket), dated November 2, 2026 from City of Vandalia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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