School District, City of Moline approve tax abatement pact
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Description
Moline-Coal Valley School District 40 approved an intergovernmental agreement with the City of Moline to administer the River Edge Redevelopment Zone, providing a 90% property tax abatement on qualifying new or rehabilitated properties for ten years. The agreement is intended to support long-term economic growth, investment, and revitalization in the community.
Contract Details
Contract Amount
None
Vendor
CITY OF MOLINE
Agency
Moline-Coal Valley CUSD 40, IL
Contract Type
OTHER
Document Date
May 26, 2026
Contract Term
Ten (10) years property tax abatement on qualifying improvements within the River Edge Redevelopment Zone
Renewal Info
The agreement provides for a 10-year 90% property tax abatement on qualifying improvements within the River Edge Redevelopment Zone; future continuation or modification would require separate governing board actions.
More from CITY OF MOLINE
More from Moline-Coal Valley CUSD 40
Moline-Coal Valley School District No. 40 Agenda Packet 2026-05-26
Moline-Coal Valley School District No. 40 Agenda Packet 2026-05-26
Moline-Coal Valley School District No. 40 Agenda Packet 2026-05-26
Moline-Coal Valley School District No. 40 Agenda Packet 2026-05-26
Moline-Coal Valley School District No. 40 Agenda Packet 2026-05-26
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