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MegadealsSubsidy Tracker Individual Entry
Company: Murphy's Transmission Service, Inc.
Parent Company:
Subsidy Source: local
Location: Illinois
City: Lagrange Park
County: Cook
Address: 1117 E 31ST ST
Zip: 60526-1220
Project Description: Upon completion of the Project, ninety-five percent (95%) of all BD Taxes generated from the Business at the Subject Property and distributed to the Village by IDOR shall be deposited into the Murphys Sub-Account of the STAF and used solely to reimburse the Developer for approved Business District Project Costs in an amount equal to the lesser of nineteen percent (19%) of the total Developers Eligible Project or $AMOUNT. Payments shall be made as provided until the first to occur: (i) the sixteenth (16th) anniversary of the date of this Agreement; or, (ii) receipt of the lesser of nineteen percent (19%) of the lesser of Developers Eligible Project Costs or $AMOUNT.
Year: 2021
Subsidy Value: undisclosed
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. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements. Subsidy amount is not readily available.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.