village_of_mahomet_board_of_trustees_minutes_april.pdf
Mahomet Approves $150K Starbucks Redevelopment Agreement
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Description
The Village of Mahomet approved a redevelopment agreement with RSCC Group Inc, providing reimbursement up to $150,000 over a period of up to five years for a Starbucks development, funded by business district and TIF revenues generated at the site. The agreement was authorized via Resolution 25-04-10 following a 5-0 board vote.
Contract Details
Contract Amount
$150,000 or five years (whichever occurs first)
Vendor
RSCC GROUP INC
Agency
Mahomet village, IL
Contract Type
OTHER
Document Date
April 22, 2025
Contract Term
Up to five years or until $150,000 reimbursed
Renewal Info
Agreement terminates once $150,000 in reimbursement has been paid or after five years, whichever comes first; no automatic renewal described.
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