TIF Committee Recommends Rebate for 3K Storage
Tilton villageCity · IL- Disclosed value
- 50 percent of the TIF increment, not to exceed $30,000 total
- From minutes
- Document date
- Oct 13, 2026
The 30-second brief
The Village of Tilton TIF Committee recommended a five-year TIF rebate for 3K STORAGE equal to 50 percent of the tax increment, capped at $30,000. The proposed agreement would terminate if the property is sold, with transfers subject to Village Board approval.
3k Storage holds this contract with Tilton village.
Term as filed: Up to five years; agreement terminates if the property is sold, and any transfer requires Board approval.
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Contract details
- Amount
- 50 percent of the TIF increment, not to exceed $30,000 total
- Document date
- October 13, 2026
- Term
- Up to five years; agreement terminates if the property is sold, and any transfer requires Board approval
- Vendor
- 3k Storage
- Agency
- Tilton village
- Source document
- Village of Tilton Minutes TIF Committee Meeting 2026-10-13 (Minutes)
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Questions about this contract
Who was awarded the government contract by Tilton village?
3k Storage was awarded this government contract by Tilton village, as recorded on October 13, 2026. The contract value is 50 percent of the TIF increment, not to exceed $30,000 total.
How much is the 3k Storage contract with Tilton village worth?
The 3k Storage contract with Tilton village is valued at 50 percent of the TIF increment, not to exceed $30,000 total.
What type of contract is this?
This is a government contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Village of Tilton Minutes TIF Committee Meeting 2026-10-13 (Minutes), dated October 13, 2026 from Tilton village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Tilton village currently buying?
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