City of Chicago Committee on Finance Meeting Agenda May 2026
City Amends TIF Terms with United Yards 1B QALICB LLC
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Description
An ordinance amends the redevelopment agreement with United Yards 1B QALICB LLC to restructure TIF disbursement terms on up to $1,813,375 in assistance for the United Yards 1B project. This aligns funding with the project's financing structure.
Contract Details
Contract Amount
Amount not to exceed: $1,813,375
Vendor
UNITED YARDS 1B QALICB LLC
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
First Amendment to existing redevelopment agreement, adjusting TIF disbursement details without changing the $1,813,375 not-to-exceed cap.
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