City of Chicago Committee on Finance Meeting Agenda May 2026
United Yards 1B TIF Agreement Amended for Disbursement
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Description
An ordinance amends the redevelopment agreement with Celadon Construction Corporation NFP for the United Yards 1B project, adjusting TIF disbursement terms for assistance up to $1,813,375. The change restructures funding flow for this Ashland Avenue development.
Contract Details
Contract Amount
Amount not to exceed: $1,813,375
Vendor
CELADON CONSTRUCTION CORPORATION NFP
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
First Amendment modifies TIF disbursement structure under existing redevelopment agreement; total assistance remains capped at $1,813,375.
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