IHMVCU Secures Robust TIF Incentives at Riverbend
City of Moline cityCity · Moline, IL- Disclosed value
- Max TIF Payment: $4,420,000
- From minutes
- Document date
- Jan 12, 2021
The 30-second brief
Under TIF 12, Moline’s 2017 agreement with IHMVCU grants a 95% rebate of property taxes on its Riverbend Commons First Addition project up to a $4.42 million cap, starting from a base EAV of zero. A guaranteed minimum tax schedule begins in assessment year 2021, with the possibility of waivers if targets are not reached.
IHMVCU holds this financial services contract with City of Moline city. Its other public contracts on record include work for Colona District Public Library.
Term as filed: Guarantee schedule beginning assessment year 2021; TIF 12 term.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Max TIF Payment: $4,420,000
- Document date
- January 12, 2021
- Term
- Guarantee schedule beginning assessment year 2021; TIF 12 term
- Vendor
- IHMVCU
- Agency
- City of Moline city
- Source document
- committee_of_the_whole_minutes_jan_12_2021.pdf (Minutes)
IHMVCU's other public contracts
More City of Moline city contracts
Questions about this contract
Who was awarded the financial services contract by City of Moline city?
IHMVCU was awarded this financial services contract by City of Moline city, as recorded on January 12, 2021. The contract value is Max TIF Payment: $4,420,000.
How much is the IHMVCU contract with City of Moline city worth?
The IHMVCU contract with City of Moline city is valued at Max TIF Payment: $4,420,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in committee_of_the_whole_minutes_jan_12_2021.pdf (Minutes), dated January 12, 2021 from City of Moline city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does IHMVCU hold?
IHMVCU 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 City of Moline city currently buying?
Explore City of Moline city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.