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City of Crown Awards $8,350,000 Development Agreement Contract to Venture One (May 2024)

City of Crown
Disclosed value
$8,350,000
From meeting minutes
Approved
May 6, 2024

The 30-second brief

What it covers

Venture One's developer agreement approved for $8,350,000 in public improvements at an interest rate no more than 9%. This covers annual debt service from estimated tax collections in the TIF area.

Who holds it

Venture One holds this development agreement contract with City of Crown. Its other public contracts on record include work for Town of Channahon and University Park village (pt.).

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Contract details

Contract type
Development Agreement
Amount
$8,350,000
Document date
May 6, 2024
Term
NA
Vendor
Venture One
Agency
City of Crown
Source document
crown-point-meeting-minutes-2024-05-06-pdf_b2d.pdf (Meeting Minutes)

Venture One's other public contracts

Town of Channahon, IllinoisVenture One Maintenance Bond Released for Crossroads 55 · Jan 19, 2026$1.4MUniversity Park village (pt.), IllinoisVenture One Donates Land Parcels for TIF 7 Development · Dec 9, 2025Town of Channahon, IllinoisVillage Releases $193K Maintenance Bond for Venture One · Sep 16, 2024$193.3KTown of Channahon, IllinoisStormwater Maintenance Bond Over $1.1M Released for Venture One · Sep 16, 2024$1.1MUniversity Park village (pt.), Illinoisuniversity-park-agenda-2024-06-11-pdf_875.pdf · Jun 11, 2024UndisclosedAll Venture One contractsVendor profile

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Questions about this contract

Who was awarded the development agreement contract by City of Crown?

Venture One was awarded this development agreement contract by City of Crown, as recorded on May 6, 2024. The contract value is $8,350,000.

How much is the Venture One contract with City of Crown worth?

The Venture One contract with City of Crown is valued at $8,350,000, covering development agreement work.

What type of contract is this?

This is a Development Agreement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in crown-point-meeting-minutes-2024-05-06-pdf_b2d.pdf (Meeting Minutes), dated May 6, 2024 from City of Crown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Venture One hold?

Venture One 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 Crown currently buying?

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

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