OTHERAPPROVED

Village Terminates 173 W Main Sale with THG

The Village of Lake Zurich approved a resolution to terminate its property sale contract with THG HOLDINGS LLC for 173 W. Main Street. As part of the mutual termination agreement, the Village will reimburse THG $415,000 for entitlement and development-related costs and release all earnest money to the developer.

Status
APPROVED
Document date
August 17, 2026
Contract type
OTHER
Vendor
Thg Holdings Llc
Agency
Lake Zurich village · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$415,000
Contract type
OTHER
Renewal
This action terminates the prior real estate sales contract; the termination and release agreement includes a one-time reimbursement payment and does not provide for renewal.
Document type
AgendaPacket
Source document
Village of Lake Zurich Agenda Packet 2026-08-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Lake Zurich village?

Thg Holdings Llc was awarded this government contract by Lake Zurich village, as recorded on August 17, 2026. The contract value is $415,000.

How much is the Thg Holdings Llc contract with Lake Zurich village worth?

The Thg Holdings Llc contract with Lake Zurich village is valued at $415,000.

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 Village of Lake Zurich Agenda Packet 2026-08-17 (AgendaPacket), dated August 17, 2026 from Lake Zurich village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Thg Holdings Llc hold?

Thg Holdings Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Thg Holdings Llc's profile

What is Lake Zurich village currently buying?

Explore Lake Zurich village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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