City Advances 66th Amendment To SomerCor SBIF Pact

Chicago is considering the sixty-sixth amendment to its agreement with SomerCor 504, Inc. to increase funding for selected TIF redevelopment areas, adjust SBIF program rules, and extend SomerCor's role as administrative services provider. The ordinance was referred to the Rules Committee.

Document date · July 15, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Sixty-sixth amendment continues SomerCor 504, Inc. as the provider of administrative services for SBIF and related TIF programs; specific expiration date not provided.

Document type

Agenda

Source document

City of Chicago Agenda Legislation Referred to Committees 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Chicago?

Somercor 504 Inc was awarded this financial services contract by City of Chicago, as recorded on July 15, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Chicago Agenda Legislation Referred to Committees 2026-07-15 (Agenda), dated July 15, 2026 from City of Chicago. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Somercor 504 Inc hold?

Somercor 504 Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Somercor 504 Inc's profile

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