Highwood Proposes TIF Redevelopment Agreement With Developer | 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

Contract type

OTHER

Contract term

Effective Date through the year in which the final payment of Net Incremental Property Taxes is received; projected through collection year 2038

Renewal date

2038-12-31

Renewal

The agreement may be supplemented or amended by the parties. Its obligations continue until the final payment of Net Incremental Property Taxes is received; the City may terminate if bond closing is not completed by October 1, 2026.

Document type

AgendaPacket

Source document

City of Highwood AgendaPacket June 2, 2026

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

PENDING

Highwood Police Department, IllinoisCity 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 deferredJun 2, 2026

City of Highwood Agenda Packet 2026-06-02

APPROVED

City of Highwood, Illinois$2,750,000 property purchase price; City Funding Obligation not to exceed $6,888,570Jun 2, 2026

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

APPROVED

City of Highwood, IllinoisPurchase price $2,750,000; TIF incentive not to exceed $6,888,570Jun 2, 2026

City of Highwood Minutes Meeting of the City Council 2026-06-02

APPROVED

City of Highwood, IllinoisJun 2, 2026

City of Highwood Minutes Meeting of the Committee of the Whole 2026-06-02

PENDING

City of Highwood, IllinoisJun 2, 2026

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.

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.

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 June 2, 2026 (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?

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