Highwood Considers Sheridan Road Redevelopment Agreement | Highwood Police Department | HIGHWOOD DEVELOPMENT PARTNERS CORPORATION

Scope & details

The full contract record, as filed.

Contract amount

City Funding Obligation not to exceed $6,888,570.00; property purchase price $2,750,000.00, including $500,000 payable at closing and $2,250,000 deferred

Contract type

OTHER

Contract term

Agreement effective upon execution in 2026; Certificate of Completion due within 28 months after commencement of construction; Bond Closing targeted by August 1, 2026, with termination possible if not completed by October 1, 2026

Renewal

No renewal option is stated. The agreement continues through the final receipt of net incremental property taxes and includes termination provisions tied to failure to execute the purchase and sale agreement, commence construction, or complete the bond closing.

Document type

AgendaPacket

Source document

City of Highwood AgendaPacket Committee of the Whole 2026-06-02

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Highwood Police Department?

Highwood Development Partners Corporation was awarded this government contract by Highwood Police Department, as recorded on June 2, 2026. The contract value is City Funding Obligation not to exceed $6,888,570.00; property purchase price $2,750,000.00, including $500,000 payable at closing and $2,250,000 deferred.

How much is the Highwood Development Partners Corporation contract with Highwood Police Department worth?

The Highwood Development Partners Corporation contract with Highwood Police Department is valued at City Funding Obligation not to exceed $6,888,570.00; property purchase price $2,750,000.00, including $500,000 payable at closing and $2,250,000 deferred.

What type of contract is this?

This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Highwood AgendaPacket Committee of the Whole 2026-06-02 (AgendaPacket), dated June 2, 2026 from Highwood Police Department. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Highwood Development Partners Corporation hold?

Highwood Development Partners Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Highwood Police Department currently buying?

Explore Highwood Police Department's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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