City of Chicago Committee on Finance Meeting Agenda May 2026
Amended TIF Agreement with Blackwood Development Partners
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Description
An amendment to the United Yards 1B redevelopment agreement updates TIF disbursement terms for Blackwood Development Partners LLC on funding up to $1,813,375. The ordinance refines how TIF dollars are released to this partner.
Contract Details
Contract Amount
Amount not to exceed: $1,813,375
Vendor
BLACKWOOD DEVELOPMENT PARTNERS LLC
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
First Amendment modifies funding disbursement under existing redevelopment agreement; TIF cap remains $1,813,375.
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