OTHERAPPROVED

Mixed-Use Development Agreement Approved for 8500 MG

The Village Board approved a development agreement with 8500 MG LLC for a 60-unit mixed-use project at 8500-50 Lehigh Avenue. The agreement provides up to $1.75 million in TIF reimbursements and a $1.5 million property sale, with total Village assistance valued at approximately $5.47 million including the property.

Document date · August 25, 2026

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $1,750,000 in TIF assistance; $1,500,000 property sale subject to a note and mortgage; approximately $5,470,000 total value of Village assistance including property
Contract type
OTHER
Contract term
Residential certificates of occupancy targeted within two years of closing; restaurant-related forgivable loan fully forgiven after five consecutive years of operation
Renewal
No renewal or extension terms stated. The agreement includes performance deadlines and forgiveness conditions tied to residential occupancy and five years of full-service restaurant operation.
Document type
Minutes
Source document
Village of Morton Grove Minutes Regular Meeting August 25, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Morton Grove village (pt.)?

8500 Mg Llc was awarded this government contract by Morton Grove village (pt.), as recorded on August 25, 2026. The contract value is Up to $1,750,000 in TIF assistance; $1,500,000 property sale subject to a note and mortgage; approximately $5,470,000 total value of Village assistance including property.

How much is the 8500 Mg Llc contract with Morton Grove village (pt.) worth?

The 8500 Mg Llc contract with Morton Grove village (pt.) is valued at Up to $1,750,000 in TIF assistance; $1,500,000 property sale subject to a note and mortgage; approximately $5,470,000 total value of Village assistance including property.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Village of Morton Grove Minutes Regular Meeting August 25, 2026 (Minutes), dated August 25, 2026 from Morton Grove village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 8500 Mg Llc hold?

8500 Mg Llc 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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