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FINANCIAL_SERVICESAPPROVED

McLean County Awards Financial Services Contract to Octavia Park District (October 2025)

McLean County approved an intergovernmental loan agreement to advance $24,345 to the Octavia Park District so it can avoid default on a November 1, 2025 bond payment. The non‑interest-bearing loan will be repaid in 2027 from intercepted arrearage property tax revenues due to an earlier tax extension error.

Document date · October 13, 2025

Issuing agencyMcLean CountyVendorOctavia Park District

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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
$24,345 loan (non‑interest bearing)
Contract type
FINANCIAL_SERVICES
Contract term
Loan disbursed after execution; to be repaid from tax year 2026 arrearage collections payable in 2027
Renewal date
2027-12-31
Renewal
One‑time temporary loan tied to 2024 levy arrearages; agreement terminates upon full repayment from 2026 tax year collections payable in 2027.
Document type
Agenda
Source document
McLean County Executive Committee Agenda 2025-10-13

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mclean_county_board_minutes_october_2025.pdf
approved
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McLean County Agenda Regular Meeting of the McLean County Board 2025-10-16
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McLean County, IllinoisOct 16, 2025
McLean County Finance Committee Agenda 2025-10-08
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McLean County, Illinois$24,345Oct 8, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by McLean County?

Octavia Park District was awarded this financial services contract by McLean County, as recorded on October 13, 2025. The contract value is $24,345 loan (non‑interest bearing).

How much is the Octavia Park District contract with McLean County worth?

The Octavia Park District contract with McLean County is valued at $24,345 loan (non‑interest bearing), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in McLean County Executive Committee Agenda 2025-10-13 (Agenda), dated October 13, 2025 from McLean County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Octavia Park District hold?

Octavia Park District 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 Octavia Park District's profile

What is McLean County currently buying?

Explore McLean County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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