City of Chicago Committee on Finance Meeting Agenda May 2026
TIF Disbursement Revised for United Yards 1B LL LLC
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Description
The City will amend its redevelopment agreement with United Yards 1B LL LLC, revising the TIF disbursement structure on assistance up to $1,813,375 for the Ashland Avenue project. This change updates how funds flow to this project entity.
Contract Details
Contract Amount
Amount not to exceed: $1,813,375
Vendor
UNITED YARDS 1B LL LLC
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
First Amendment modifies the schedule and structure of TIF disbursements while keeping the overall not-to-exceed amount at $1,813,375.
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