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FACILITIESAMENDED

City of Chicago Committee on Finance Meeting Summary May 2026

United Yards 1B LL LLC in amended TIF agreement

Amount not to exceed: $1,813,375Chicago Department of AviationUNITED YARDS 1B LL LLCMay 20, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

An amended redevelopment agreement including United Yards 1B LL LLC was approved to change the TIF disbursement structure for the United Yards 1B project at 4700 S. Ashland Avenue, with assistance not to exceed $1,813,375. The adjustment restructures how funds are drawn while keeping the same TIF ceiling.

Contract Details

Contract Amount

Amount not to exceed: $1,813,375

Vendor

UNITED YARDS 1B LL LLC

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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