Richton Park Plans Property Transfer to Far South CDC
Richton Park villageCity · Richton Park, IL- Disclosed value
- $10.00 nominal sale price; real estate tax deposit of $14,000 per full or partial calendar month remaining in the Maximum Holding Period
- From agreement
- Document date
- Nov 7, 2026
- Renews
- Free account
The 30-second brief
The Village of Richton Park signed a non-binding Letter of Intent with Far South CDC to negotiate a property transfer and holding agreement for 5089 Sauk Trail. The proposed sale price is $10, with a real estate tax deposit of $14,000 for each full or partial month remaining in the holding period, which may continue until July 31, 2027.
Far South Cdc holds this contract with Richton Park village. Its other public contracts on record include work for City of Chicago and Chicago Department of Aviation.
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Contract details
- Amount
- $10.00 nominal sale price; real estate tax deposit of $14,000 per full or partial calendar month remaining in the Maximum Holding Period
- Document date
- November 7, 2026
- Term
- Proposed agreement to be executed before the end of December 2026; holding period begins when Developer takes title and ends on the earlier of six calendar months after closing or July 31, 2027
- Renews
- On record
- Vendor
- Far South Cdc
- Agency
- Richton Park village
- Source document
- The Village of Richton Park Agreement Letter of Intent for Property Transfer and Holding Preliminary Agreement 2026-11-09 (Agreement)
Far South Cdc's other public contracts
More Richton Park village contracts
Questions about this contract
Who was awarded the government contract by Richton Park village?
Far South Cdc was awarded this government contract by Richton Park village, as recorded on November 7, 2026. The contract value is $10.00 nominal sale price; real estate tax deposit of $14,000 per full or partial calendar month remaining in the Maximum Holding Period.
How much is the Far South Cdc contract with Richton Park village worth?
The Far South Cdc contract with Richton Park village is valued at $10.00 nominal sale price; real estate tax deposit of $14,000 per full or partial calendar month remaining in the Maximum Holding Period.
What type of contract is this?
This is a government contract, documented as a agreement record.
Where was this contract approved?
This contract appears in The Village of Richton Park Agreement Letter of Intent for Property Transfer and Holding Preliminary Agreement 2026-11-09 (Agreement), dated November 7, 2026 from Richton Park village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Far South Cdc hold?
Far South Cdc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Richton Park village currently buying?
Explore Richton Park village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.