Subsidy Tracker Individual Entry

Company: 
MCVICKERS NEW LENOX, LLC
Parent Company: 
Subsidy Source: 
local
Location: 
Illinois
City: 
New Lenox
County: 
Will
Address: 
351-681 E. LINCOLN HIGHWAY, NEW LENOX, 60451
Project Description: 

The Village shall pay to McVickers 100% of the Village's one penny per dollar Home Rule Sales Tax for a period of 4 years, and then 70% of the Village's one penny per dollar Home Rule Sales Tax until the earlier of (i) the Aggregate Developer's Share has been paid or (ii) November 30, 2024. McVickers shall only be entitled to a maximum of $9,750,000 if, and only if, the Certified Public Improvement Site Improvements for the Project meet or exceed said amount ($9,750,000).

Year: 
2009
Subsidy Value: 
$9,750,000
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
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: 
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