Subsidy Tracker Individual Entry
In years 1 through 5, 35% of the Village's local share of the Sales Tax generated exclusively from the Project (Jewel-Osco); and, years 6 through 12, 50% of the Village's local share of Sales Tax generated exclusively from the Project. Notwithstanding the payments to be made as listed above, the Village shall not be obligated to make any further payment to Jewel after $1,650,000 has been paid to Jewel under the terms of the agreement.
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.