Village of Flossmoor Board of Trustees Regular Meeting Agenda January 2026
Village Greenlights OBE Studios Development Agreement
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Description
The Village of Flossmoor approved a development agreement with OBE Studios, LLC for the construction of a film production campus on two parcels near the Village’s Public Works Facility. The agreement sets detailed milestones, requires a $100,000 performance bond, and outlines tax abatement support along with a make-whole agreement to offset tax reductions to the Village.
Contract Details
Vendor
OBE STUDIOS LLC
Agency
Flossmoor village, IL
Contract Type
OTHER
Document Date
January 20, 2026
Contract Term
Key plan/permit dates: submit by September 30, 2026; construction completion within one year of permits; performance bond to certificate of occupancy
Renewal Info
Agreement terminates with issuance of certificate of occupancy or under specified exit clauses; Village may renew/re-engage if project not commenced.
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