City of Rockford City Council Meeting Agenda May 18, 2026
Hillwood awarded industrial development agreement in Rockford
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Description
Rockford is approving a Development Agreement with Hillwood (Industrial VI Enterprises, LLC) for construction of a speculative industrial building and related public improvements at the Rockford Global TradePark Industrial Redevelopment Project Area #2. The project is supported in part by an Illinois DCEO site readiness grant and local tax increment financing.
Contract Details
Vendor
HILLWOOD (INDUSTRIAL VI ENTERPRISES LLC)
Agency
City of Rockford city, IL
Contract Type
CONSTRUCTION
Document Date
May 18, 2026
Renewal Date
2031-12-31
Renewal Info
One-time development agreement tied to the life of the Rockford Global TradePark #2 TIF District, with reimbursement of eligible costs and tax increment through final levy year 2030; no automatic renewal.
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