Subsidy Tracker Individual Entry
The Agreement provides a refund of up to $4,000,000. The Village retains a base amount which increases each year. The base amount begins at $AMOUNT and increases by approximately 5.5% annually. A refund is then provided for two-thirds (2/3) of the remaining amount until $4,000,000 has been refunded or the agreement expires. The agreement expires on December 31, 2025 provided that unforeseen circumstances do not prevent the retailer from operating at least 50% of the store because of casualty or other events out of their control.
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.