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Finance committee recommends $250,000 commercial and industrial revaluation contract with SVS

October 14, 2025 | Grundy County, Illinois


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Finance committee recommends $250,000 commercial and industrial revaluation contract with SVS
Grundy County's finance committee voted to recommend a $250,000 contract with Standard Valuation Services (SVS) to complete a commercial and industrial property revaluation, a project county staff said will take about one year to complete and is budgeted from general fund professional services.

A county presenter outlined the goals: to give citizens a fair tax distribution, reduce costly appeals, improve assessment accuracy and support economic development. The request followed an RFP issued in June; two vendors responded—SVS and AreaProbe. The evaluation committee considered GIS integration, appeal support, scheduling, cost structure and references and recommended SVS as the most responsive bidder.

The presenter said SVS has work history with other public agencies including Cook and LaSalle counties, will provide GIS and Grama/DevNet support, and designated a legal liaison for appeals. The committee packet shows the company is located in Willowbrook, Illinois, and the alternate bidder AreaProbe is based in Washington, D.C.

Nancy Norton of Grundy Economic Development spoke in support, saying the county's industrial complexity—nuclear and natural gas plants and large logistics facilities—justified hiring a firm with deep technical capacity. "To have an organization that has the depth of expertise in different areas will be very helpful also in the prospecting side of trying to attract jobs and investment to our community," Norton said.

The committee moved the revaluation contract recommendation to the full board (motion by Tina, second by Jeff); the presenter said the county anticipates long‑term savings from fewer appeals and improved assessment accuracy that will offset the upfront cost.

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Scribe from Workplace AI
Scribe from Workplace AI