Village Approves SREG Tiv1HO Contract Assignment

The Village conditionally approved SREG Tiv1HO LLC as a tenant-in-common assignee for the applicable development agreements and municipal revenue obligations. The assignment depends on purchase closing, delivery of executed documents, insurance, and re-registration by December 31, 2026.

Document date · September 25, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$5,400,000 Phase 1A MRO; $4,400,000 Phase 1B MRO; not to exceed $5,300,000 Phase II MRO

Contract type

OTHER

Contract term

Conditional assignment effective upon closing and satisfaction of conditions; deadline December 31, 2026

Renewal date

2026-12-31

Renewal

Resolution consent automatically expires on December 31, 2026, unless the Village Administrator extends the deadline in writing. No underlying agreement is amended or extended.

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?

Sreg Tiv1ho Llc was awarded this government contract by Mount Pleasant village, as recorded on September 25, 2026. The contract value is $5,400,000 Phase 1A MRO; $4,400,000 Phase 1B MRO; not to exceed $5,300,000 Phase II MRO.

How much is the Sreg Tiv1ho Llc contract with Mount Pleasant village worth?

The Sreg Tiv1ho Llc contract with Mount Pleasant village is valued at $5,400,000 Phase 1A MRO; $4,400,000 Phase 1B MRO; not to exceed $5,300,000 Phase II MRO.

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 Sreg Tiv1ho Llc hold?

Sreg Tiv1ho 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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