Long Grove village (pt.) Awards Financial Services Contract to Mcnaughton Development LLC (February 2026)
Long Grove village (pt.)City · IL- Disclosed value
- Letter of Credit reduced from $2,097,685.08 to $853,346.55 (reduction of $1,244,338.53)
- From agendapacket
- Approved
- Feb 24, 2026
The 30-second brief
The Village of Long Grove approved Resolution 2026-R-09 reducing McNaughton Development, LLC’s letter of credit for the Deer Trail Subdivision from $2,097,685.08 to $853,346.55, following substantial completion of grading, utility, sanitary sewer, and paving improvements. The remaining security will cover completion of outstanding infrastructure as required by the final PUD ordinance and Village Code.
Mcnaughton Development LLC holds this financial services contract with Long Grove village (pt.). Its other public contracts on record include work for City of Highland Park and Western Springs village (pt.).
Term as filed: Financial security remaining in place until completion of required subdivision improvements under Ordinance 2024-O-15 and Village Code Section 6-5-6.
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Contract details
- Contract type
- Financial Services
- Amount
- Letter of Credit reduced from $2,097,685.08 to $853,346.55 (reduction of $1,244,338.53)
- Document date
- February 24, 2026
- Term
- Financial security remaining in place until completion of required subdivision improvements under Ordinance 2024-O-15 and Village Code Section 6-5-6
- Agency
- Long Grove village (pt.)
- Source document
- Village of Long Grove Meeting of the Village Board Agenda Packet 2026-02-24 (AgendaPacket)
Mcnaughton Development LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Long Grove village (pt.)?
Mcnaughton Development LLC was awarded this financial services contract by Long Grove village (pt.), as recorded on February 24, 2026. The contract value is Letter of Credit reduced from $2,097,685.08 to $853,346.55 (reduction of $1,244,338.53).
How much is the Mcnaughton Development LLC contract with Long Grove village (pt.) worth?
The Mcnaughton Development LLC contract with Long Grove village (pt.) is valued at Letter of Credit reduced from $2,097,685.08 to $853,346.55 (reduction of $1,244,338.53), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Village of Long Grove Meeting of the Village Board Agenda Packet 2026-02-24 (AgendaPacket), dated February 24, 2026 from Long Grove village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mcnaughton Development LLC hold?
Mcnaughton Development 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.
What is Long Grove village (pt.) currently buying?
Explore Long Grove village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.