Village of Montgomery Village Board Meeting Agenda January 12 2026
American Crystal Sugar Receives TIF #2 Tax Rebate
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Description
The Village of Montgomery issued a TIF #2 property tax rebate payment of $380,379.27 to American Crystal Sugar Company for the 2024 tax year. The rebate reflects obligations under an existing redevelopment agreement.
Contract Details
Contract Amount
$380,379.27
Vendor
AMERICAN CRYSTAL SUGAR COMPANY
Agency
Town of Montgomery, IL
Contract Type
FINANCIAL_SERVICES
Document Date
January 12, 2026
Contract Term
Tax year 2024 rebate
Renewal Info
Ongoing rebate likely governed by TIF redevelopment agreement; future payments dependent on TIF terms and tax performance.
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