First amendment of redevelopment agreement with Celadon Construction Corporation NFP, Celadon Partners LLC, Blackwood Development Partners LLC, United Yards 1B LL LLC and United Yards 1B QALICB LLC to provide tax increment financing (TIF) assistance for United Yards 1B project at 4700 S Ashland Ave

Record number: O2026-0024871
Type: Ordinance; category: Agreements
Status: Final
Sponsor: Johnson, Brandon
Committee: Committee on Finance
Introduction Date: Apr 15, 2026
Final Action Date: May 20, 2026
Official record: Office of the City Clerk

Roll call: Passed May 20, 2026

50 yea, 0 nay. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of May 20, 2026.

Yea (50): Daniel La Spata (1), Brian Hopkins (2), Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Jeylú B. Gutiérrez (14), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Rossana Rodríguez Sánchez (33), William Conway (34), Anthony J. Quezada (35), Gilbert Villegas (36), Emma Mitts (37), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)

Plain-language summary

Written by AI (claude-opus-5-5) from the ordinance text only: O2026-0024871 C.L..pdf. AI can make mistakes; the official document always wins.

This ordinance would approve the first change to an existing agreement between the City and several developers for the United Yards 1B project at 4700 S. Ashland Ave. The change deals with tax increment financing (TIF) help and how that money is paid back to the developers. The City Council's Committee on Finance recommended that the full Council pass it.

Approves a First Amendment to a redevelopment agreement for the United Yards 1B project.
The amendment covers TIF assistance and the structure for paying the developers back (reimbursement).
The developer parties are Celadon Construction Corporation NFP, Celadon Partners LLC, Blackwood Development Partners LLC, United Yards 1B LL LLC and United Yards 1B QALICB LLC.
The Committee on Finance recommended passage by a voice vote with no one voting against on May 19, 2026.
The committee report was signed by Chairman Pat Dowell; parts of the document text are hard to read.

Money

$1,813,375: maximum amount of TIF assistance (amount not to exceed)

Who: The named developers of the United Yards 1B project would receive the TIF assistance under the amended agreement.

Where: 4700 S. Ashland Ave., 20th Ward

Timeline

Apr 15, 2026: Referred, City Council. The matter was Referred to Committee.
May 18, 2026: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
May 20, 2026: Passed, City Council (50 yea, 0 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.