Wood River Approves TIF Agreement With Jack Matthews Development
City of Wood River cityCity · Wood River, IL- Disclosed value
- $200,000.00 in the first year; $40,000.00 per year for the following four years; approximately $47,000.00 in the final year
- From minutes
- Approved
- Aug 17, 2026
- Term
- Six-year payment schedule
The 30-second brief
Wood River approved a redevelopment agreement with Jack Matthews Development for TIF financial assistance at 53 W. Ferguson Avenue. The approved payment schedule provides $200,000 in the first year, $40,000 annually for the next four years, and approximately $47,000 in the final year.
Jack Matthews Development holds this contract with City of Wood River city. Its other public contracts on record include work for Town of Pana.
Term as filed: Six-year payment schedule.
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Contract details
- Amount
- $200,000.00 in the first year; $40,000.00 per year for the following four years; approximately $47,000.00 in the final year
- Document date
- August 17, 2026
- Term
- Six-year payment schedule
- Agency
- City of Wood River city
- Source document
- Wood River City Council Minutes 2026-08-17 (Minutes)
Jack Matthews Development's other public contracts
More City of Wood River city contracts
Questions about this contract
Who was awarded the government contract by City of Wood River city?
Jack Matthews Development was awarded this government contract by City of Wood River city, as recorded on August 17, 2026. The contract value is $200,000.00 in the first year; $40,000.00 per year for the following four years; approximately $47,000.00 in the final year.
How much is the Jack Matthews Development contract with City of Wood River city worth?
The Jack Matthews Development contract with City of Wood River city is valued at $200,000.00 in the first year; $40,000.00 per year for the following four years; approximately $47,000.00 in the final year.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Wood River City Council Minutes 2026-08-17 (Minutes), dated August 17, 2026 from City of Wood River city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jack Matthews Development hold?
Jack Matthews Development 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 Wood River city currently buying?
Explore City of Wood River city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.