Village Approves Conditional Tivoli Green Contract Assignment

The Village conditionally approved the transfer of Mount Pleasant Apartments Phase 2 LLC’s Tivoli Green Phase II agreement and municipal revenue obligation to the new Assignees. The transfer must be completed after closing and before December 31, 2026, unless extended in writing.

Document date · September 25, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $5,300,000 principal amount for Phase II MRO; reported unpaid balance of $5,164,699 as of August 14, 2026

Contract type

OTHER

Contract term

Prior assignment date not stated; current assignment is subject to closing by December 31, 2026

Renewal date

2026-12-31

Renewal

Consent automatically expires if all conditions are not satisfied by December 31, 2026, unless the Village Administrator extends the deadline in writing. The underlying agreement and MRO are not amended, novated, extended, or terminated.

Document type

Resolution

Source document

Village of Mount Pleasant Resolution Resolution No. 18-2026 Assignment of Municipal Revenue Obligations and Development Agreements 2026-09-25

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Mount Pleasant village?

Mount Pleasant Apartments Phase 2 Llc was awarded this government contract by Mount Pleasant village, as recorded on September 25, 2026. The contract value is Not to exceed $5,300,000 principal amount for Phase II MRO; reported unpaid balance of $5,164,699 as of August 14, 2026.

How much is the Mount Pleasant Apartments Phase 2 Llc contract with Mount Pleasant village worth?

The Mount Pleasant Apartments Phase 2 Llc contract with Mount Pleasant village is valued at Not to exceed $5,300,000 principal amount for Phase II MRO; reported unpaid balance of $5,164,699 as of August 14, 2026.

What type of contract is this?

This is a government contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Village of Mount Pleasant Resolution Resolution No. 18-2026 Assignment of Municipal Revenue Obligations and Development Agreements 2026-09-25 (Resolution), dated September 25, 2026 from Mount Pleasant village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mount Pleasant Apartments Phase 2 Llc hold?

Mount Pleasant Apartments Phase 2 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.

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What is Mount Pleasant village currently buying?

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