OTHERRECOMMENDED

Urbana Recommends Second Race Street Project Extension

Urbana staff recommend extending the redevelopment agreement with Race Street Ventures, LLC for the 118–120 South Race Street project. The proposed second amendment would move the completion deadline from October 31, 2026, to December 31, 2026, without stating any additional funding.

Document date · October 12, 2026

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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
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
No additional amount stated; existing agreement provides for estimated project costs of $2,135,000 and TIF distributions totaling up to $258,000
Contract type
OTHER
Contract term
Proposed second amendment extending the Project Completion Date from October 31, 2026 to December 31, 2026
Renewal date
2026-12-31
Renewal
Proposed second amendment; if approved, the revised Project Completion Date will be December 31, 2026. All other agreement terms remain in effect.
Document type
AgendaPacket
Source document
City of Urbana AgendaPacket City Council Regular Meeting 2026-10-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Urbana?

Race Street Ventures Llc was awarded this government contract by Town of Urbana, as recorded on October 12, 2026. The contract value is No additional amount stated; existing agreement provides for estimated project costs of $2,135,000 and TIF distributions totaling up to $258,000.

How much is the Race Street Ventures Llc contract with Town of Urbana worth?

The Race Street Ventures Llc contract with Town of Urbana is valued at No additional amount stated; existing agreement provides for estimated project costs of $2,135,000 and TIF distributions totaling up to $258,000.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Urbana AgendaPacket City Council Regular Meeting 2026-10-12 (AgendaPacket), dated October 12, 2026 from Town of Urbana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Race Street Ventures Llc hold?

Race Street Ventures 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.

View Race Street Ventures Llc's profile

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