City of Chicago Committee on Finance Meeting Summary May 2026
United Yards 1B TIF agreement amended for Celadon
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Description
The Committee on Finance approved a First Amendment to the redevelopment agreement including Celadon Construction Corporation NFP to modify the TIF disbursement structure for the United Yards 1B project at 4700 S. Ashland Avenue, with assistance capped at $1,813,375. The amendment adjusts how funds are released while supporting ongoing redevelopment in the 20th Ward.
Contract Details
Contract Amount
Amount not to exceed: $1,813,375
Vendor
CELADON CONSTRUCTION CORPORATION NFP
Agency
Chicago Department of Aviation, IL
Contract Type
FACILITIES
Document Date
May 20, 2026
Renewal Info
First Amendment modifies disbursement structure of existing TIF-funded redevelopment agreement for United Yards 1B; overall not-to-exceed TIF amount remains $1,813,375.
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