Sixty-sixth amending agreement with SomerCor 504, Inc. to increase funding to select tax increment financing (TIF) redevelopment project areas, amend Small Business Improvement Fund (SBIF) program rules and retain SomerCor 504, Inc. as provider of administrative services

Legislation tracker › Committees and Rules

• Record number: O2026-0027305
• Type: Ordinance; category: Finance Funds
• Status: In Committee (Referred)
• Sponsor: Johnson, Brandon
• Committee: Committee on Committees and Rules
• Submitted Date: Jul 16, 2026
• Introduction Date: Jul 15, 2026
• Official record: Office of the City Clerk

Timeline

• Jul 15, 2026: Referred, City Council. Two committees having been called, the Committee on the Budget and Government Operations and the Committee on Finance, the matter was Referred to the Committee on Committees and Rules (Pursuant to Council Rule 42).

Documents

• O2026-0027305 EDS.pdf (EDS)
• O2026-0027305 Ex A - Description SBIF Areas.pdf (Exhibits)
• O2026-0027305 Ex B - Amended Funding.pdf (Exhibits)
• O2026-0027305 Ex C - Amended Restatement Program Rules.pdf (Exhibits)
• O2026-0027305 Ex D - Amended Application.pdf (Exhibits)
• O2026-0027305 Ex E - Amending Agreement.pdf (Exhibits)
• O2026-0027305 Ordinance.pdf (Legislation)
• O2026-0027305 Mayoral Letter.pdf (Miscellaneous)

Related legislation

More from Johnson, Brandon

• Executive Order No. 2026-7 (Senior Bill of Rights and Establishing the Mayor's Office on Aging) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
• Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance) (O2026-0029650, introduced Oct 21, 2026, Referred)
• Fiscal Year 2027 Budget Recommendations (O2026-0029642, introduced Oct 21, 2026, Referred)

More on Finance Funds

• Expenditure of portion of Motor Fuel Tax (MFT) funds allocated to City of Chicago for Year 2027 (O2026-0029646, introduced Oct 21, 2026, Referred)
• Sixty-sixth amending agreement with SomerCor 504, Inc. to increase funding to select tax increment financing (TIF) redevelopment project… (SO2026-0028810, introduced Sep 23, 2026, Passed as Substitute)
• Authorization of Tax Increment Financing (TIF) district fund allocation for redevelopment Workforce Solutions Program (SO2026-0024038, introduced Mar 18, 2026, Signed)

Sources and methods: how we get and count this data · report an error