# Sixty-fifth amending agreement with SomerCor 504, Inc. to extend program to Foster/Edens and Little Village East redevelopment project areas, increase funding to select tax increment financing (TIF) redevelopment project areas, and amend Small Business Improvement Fund (SBIF) program rules

[Legislation tracker](https://www.chicagopolitics.org/tracker) › [Finance](https://www.chicagopolitics.org/committee/finance)

- Record number: **SO2025-0017540**
- Type: Ordinance; category: Tax Increment Financing Districts
- Status: Final (Passed as Substitute)
- Sponsor: Johnson, Brandon
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Submitted Date: May 21, 2025
- Introduction Date: May 21, 2025
- Final Action Date: Jun 18, 2025
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=64A63AB3-5236-F011-8C4D-001DD80500AD)

## Timeline

- May 21, 2025: Referred, City Council. The matter was Referred to Committee.
- Jun 16, 2025: Substituted, Committee on Finance. The matter was Substituted in Committee.
- Jun 16, 2025: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Jun 18, 2025: Passed, City Council (50 yea, 0 nay), at the [City Council meeting](https://www.chicagopolitics.org/meeting/FADA9223-48D4-EF11-8EEA-001DD804C7AB). On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

## Documents

- [SO2025-0017540 Committee Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/0fe519bb-95bb-4b58-ad75-969692138ab0.pdf) (Committee Letter)
- [O2025-0017540 EDS.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5c4a6554-56ff-4767-961c-04e478cf6db1.pdf) (EDS)
- [O2025-0017540 Exhibit A - Descriptions of Two New SBIF Areas.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/c8d2d602-a341-4ce0-814e-1beb1421bd93.pdf) (Exhibits)
- [O2025-0017540 Exhibit B - Funding Authorized.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/722934da-ee39-4d57-8cc8-e1611d40f538.pdf) (Exhibits)
- [O2025-0017540 Exhibit C - Amended and Restated Program Rules.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ef349b58-dc09-46b6-81cc-706658c945fa.pdf) (Exhibits)
- [O2025-0017540 Exhibit D - Sixty-fifth Amendment.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/9ea380a5-23cd-4486-84f7-0c00efbfd326.pdf) (Exhibits)
- [SO2025-0017540 Exhibit B.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/40232eea-e961-4f0b-a5b7-349ae3745d4a.pdf) (Exhibits)
- [SO2025-0017540 Exhibit D.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f2dc1b05-87c6-4d31-a6ce-299d1e5141a0.pdf) (Exhibits)
- [O2025-0017540.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/40bee200-be4d-43ff-8686-470fdfed205a.pdf) (Legislation)
- [SO2025-0017540 Substitute Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/935b694b-6af2-46a5-9f38-5e04dd9d3c2e.pdf) (Legislation)
- [O2025-0017540 Mayoral Transmittal Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/fe90e8f4-bb64-4a57-8693-9360e2fd965a.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)](https://www.chicagopolitics.org/matter/F2026-0029547-executive-order-no-senior-bill-rights) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
- [Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance)](https://www.chicagopolitics.org/matter/O2026-0029650-issuance-general-obligation-bonds-general-obligation) (O2026-0029650, introduced Oct 21, 2026, Referred)
- [Fiscal Year 2027 Budget Recommendations](https://www.chicagopolitics.org/matter/O2026-0029642-fiscal-year-2027-budget-recommendations) (O2026-0029642, introduced Oct 21, 2026, Referred)

**More on Tax Increment Financing Districts**

- [Establishment of Tax Increment Financing (TIF) Neighborhood Improvement Program to provide TIF assistance for Home Repair Program](https://www.chicagopolitics.org/matter/O2026-0029411-establishment-tax-increment-financing-tif-neighborhood) (O2026-0029411, introduced Oct 14, 2026, Referred)
- [Fourth amendment to Pilsen tax increment financing (TIF) redevelopment project and plan](https://www.chicagopolitics.org/matter/O2026-0027139-fourth-pilsen-tax-increment-financing-tif) (O2026-0027139, introduced Jul 15, 2026, Passed)
- [Designation of expanded Central West tax increment financing (TIF) redevelopment project area](https://www.chicagopolitics.org/matter/O2026-0027301-expanded-central-west-tax-increment-financing) (O2026-0027301, introduced Jul 15, 2026, Passed)

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Source: https://www.chicagopolitics.org/matter/SO2025-0017540-sixty-fifth-agreement-somercor-504-inc · Chicago Politics, an independent tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt