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OTHERAPPROVED

Moline-Coal Valley School District 40 Agreement Intergovernmental Agreement with the City of Moline for the River Edge Redevelopment Zone 2026-05-26

School District, City of Moline approve tax abatement pact

NoneMoline-Coal Valley CUSD 40CITY OF MOLINEMay 26, 2026

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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.

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