Enterprise Zone Expansion For Lena Housing

The Highland Community College Board endorses an enterprise zone expansion and authorizes a three-year 100% property tax abatement on qualifying residential improvements in the Village of Lena, IL to spur housing development. Full property taxes resume in the fourth and subsequent years.

Document date · September 1, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Three-year property tax abatement on value of residential improvements, then full taxes in year four and beyond

Renewal

Abatement applies for three years following the assessment year in which residential improvements are completed and ends in the fourth year with full property tax restored. No renewal or extension provisions are provided.

Document type

AgendaPacket

Source document

Highland Community College Board of Trustees AgendaPacket 2026-09-02

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Highland Community College?

Village of Lena Il was awarded this government contract by Highland Community College, as recorded on September 1, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Highland Community College Board of Trustees AgendaPacket 2026-09-02 (AgendaPacket), dated September 1, 2026 from Highland Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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