Schaumburg Approves YMCA Development Agreement and Tax Incentive
Schaumburg village (pt.)City · Schaumburg, IL- Disclosed value
- Minimum $1,000,000.00 in additional capital improvements by December 31, 2027, plus minimum $10,000 per year in civic engagement support for the term of the Class 7B Tax Incentive
- From resolution
- Approved
- Feb 24, 2026
The 30-second brief
The Village of Schaumburg approved a Development Agreement with Golden Corridor Family YMCA in connection with a Class 7B tax incentive for the vacant property at 101 Barrington Road. The YMCA must invest at least $1 million in capital improvements by December 31, 2027, maintain 48 permanent employees, and provide at least $10,000 annually in civic engagement support for the incentive term.
Golden Corridor Family Ymca holds this contract with Schaumburg village (pt.). Its other public contracts on record include work for Town of Schaumburg and City of Elgin city.
Term as filed: For the term of the Class 7B Tax Incentive; capital improvements and employment commitments due by December 31, 2027.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Amount
- Minimum $1,000,000.00 in additional capital improvements by December 31, 2027, plus minimum $10,000 per year in civic engagement support for the term of the Class 7B Tax Incentive
- Document date
- February 24, 2026
- Term
- For the term of the Class 7B Tax Incentive; capital improvements and employment commitments due by December 31, 2027
- Agency
- Schaumburg village (pt.)
- Source document
- Village of Schaumburg Resolution R-26-021 Class 7B Tax Classification for 101 Barrington Road 2026-02-24 (Resolution)
Golden Corridor Family Ymca's other public contracts
More Schaumburg village (pt.) contracts
Questions about this contract
Who was awarded the government contract by Schaumburg village (pt.)?
Golden Corridor Family Ymca was awarded this government contract by Schaumburg village (pt.), as recorded on February 24, 2026. The contract value is Minimum $1,000,000.00 in additional capital improvements by December 31, 2027, plus minimum $10,000 per year in civic engagement support for the term of the Class 7B Tax Incentive.
How much is the Golden Corridor Family Ymca contract with Schaumburg village (pt.) worth?
The Golden Corridor Family Ymca contract with Schaumburg village (pt.) is valued at Minimum $1,000,000.00 in additional capital improvements by December 31, 2027, plus minimum $10,000 per year in civic engagement support for the term of the Class 7B Tax Incentive.
What type of contract is this?
This is a government contract, documented as a resolution record.
Where was this contract approved?
This contract appears in Village of Schaumburg Resolution R-26-021 Class 7B Tax Classification for 101 Barrington Road 2026-02-24 (Resolution), dated February 24, 2026 from Schaumburg village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Golden Corridor Family Ymca hold?
Golden Corridor Family Ymca may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Schaumburg village (pt.) currently buying?
Explore Schaumburg village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.