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MegadealsSubsidy Tracker Individual Entry
Company: 14 DUNDEE LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Buffalo Grove
County: Cook
Address: 14 DUNDEE ROAD, BUFFALO GROVE, 60089
Project Description: The rebate is structured under three tiers based upon total taxable sales. The Village of Buffalo Grove will rebate 50% of home rule sales tax (1%) and local prepared food and beverage tax (1%)generated by Fresh Farms and tenants operating the property in excess of $AMOUNT per year (tier 1). The same percentages apply for tier 2 but the base is $AMOUNT in taxable sales if the total annual sales exceed $AMOUNT. Under tier 3 there is no base if taxable sales exceed $AMOUNT. The rebate terminates after either $1.1 million is rebated or 11 years have lapsed whichever occurs first.
Year: 2012
Subsidy Value: $1,100,000
Program Name: Local Sales Tax Rebate
Awarding Agency: Department of Revenue
Type of Subsidy: tax credit/rebate
Source of Data:
(click here)
Notes: Year is year agreement began. Subsidy value is maximum rebate. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.