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MegadealsSubsidy Tracker Individual Entry
Company: MOKENA RETAIL ASSOCIATES, LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Mokena
County: Will
Address: 11205-11285 LINCOLN HIGHWAY, MOKENA, 60448;
Project Description: For each 12 month period commencing on the issuance of the first retail business Certificate of Occupancy of the commercial complex, the Village shall pay to MRA an amount equal to 50% of the Sales Tax Revenue collected and remitted by all of the retailers and servicemen located at the Development Site. The sum of the actual Principal Rebate Amount as determined by the agreement shall not exceed $3,700,000. Simple interest shall accrue at 4.50% on the outstanding balance of the Principal Rebate Amount..
Year: 2008
Subsidy Value: $3,700,000
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.