City of Salem Regular City Council Meeting Minutes 2026-06-01
TIF 2 Awarded to H&H Property Holdings for Renovation
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Description
The City Council approved a TIF 2 agreement with H&H Property Holdings, LLC for reimbursement of $90,000.00 upon the successful renovation and remodeling of their industrial park property.
Contract Details
Contract Amount
$90,000.00 reimbursed for $300,000.00 project, no sooner than May 1, 2027
Vendor
H&H PROPERTY HOLDINGS LLC
Agency
Town of Salem, IL
Contract Type
OTHER
Document Date
June 1, 2026
Renewal Date
2027-05-01
Renewal Info
$90,000.00 reimbursement payable after May 1, 2027, upon work verification. No renewal or extension information provided.
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