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EDA approves assignment of development agreement to East Bay Holding Company for SISU/Holden project
Summary
The board voted unanimously July 21 to rescind prior resolutions and approve a development agreement assignment to East Bay Holding Company LLC for the SISU and Holden Infrastructure Improvement Project (Resolution 2026‑24).
The Cook County Economic Development Authority voted July 21 to rescind prior related resolutions and approve a development agreement assignment to East Bay Holding Company LLC for the SISU and Holden Infrastructure Improvement Project.
Chair (speaker 4) presented the resolution and called for a motion. The board approved the motion by roll call; every present director voted aye and the resolution carried. Chair described the assignment as aligning the development agreement with current ownership and financing arrangements, with terms and conditions otherwise unchanged.
The board did not expand the grant or change the substantive terms of the development agreement; the action formalizes the legal borrower and owner aligned with the pending sale and financing.
