Village of Flossmoor Board of Trustees Meeting Minutes January 2026
Village Approves Development Agreement with OBE Studios LLC
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Description
The Village of Flossmoor Board approved a Development Agreement with OBE Studios, LLC to facilitate the company's relocation and property development in Flossmoor, including plans for future tax abatement and property transfer provisions. The agreement ensures Village recourse if development plans are unmet.
Contract Details
Vendor
OBE STUDIOS LLC
Agency
Flossmoor village, IL
Contract Type
OTHER
Document Date
January 20, 2026
Renewal Info
The agreement includes terms for future Board review of a Class 8 tax abatement and a recapture clause, but no specific renewal provisions are documented.
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