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MegadealsSubsidy Tracker Individual Entry
Company: OAKBROOK TERRACE HOLDING LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: OAKBROOK TERRACE
County: DU PAGE
Address: 1S722 MIDWEST ROAD
Zip: 60181
Project Description: If the development has been issued a certificate of occupancy on or before 10/31/2018 the City shall reimburse the developer the lesser of $238,000 or the rebate of sales tax revenues. If the development has not been issued a certificate of occupancy by 10/31/2018 a six month extension is granted. If the certificate of occupancy has not been issued by 4/30/19, the City shall reimburse the developer $223,000.
Year: 2018
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.