Village Sets Preliminary Redevelopment Deal With Chicago TREND
Richton Park villageCity · Richton Park, IL- Disclosed value
- Up to $30,000.00
- From agreement
- Document date
- May 20, 2026
The 30-second brief
The Village of Richton Park is entering into a preliminary agreement with The Chicago TREND Corporation to transfer the Lakewood Plaza property and reimburse up to $30,000 in TIF‑eligible third‑party due diligence reports. The agreement establishes a six‑month holding period, outlines escrow and reverting deed mechanisms, and sets the framework for negotiating a future redevelopment agreement.
Chicago Trend Corporation holds this professional services contract with Richton Park village.
Term as filed: Six (6) month Holding Period commencing on Developer’s acquisition of title; reimbursement window extends 60 days after termination for final requisitions.
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Contract details
- Contract type
- Professional Services
- Amount
- Up to $30,000.00
- Document date
- May 20, 2026
- Term
- Six (6) month Holding Period commencing on Developer’s acquisition of title; reimbursement window extends 60 days after termination for final requisitions
- Agency
- Richton Park village
- Source document
- Village of Richton Park Agreement Preliminary Agreement Between The Village of Richton Park and The Chicago TREND Corporation 2026-05-20 (Agreement)
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Questions about this contract
Who was awarded the professional services contract by Richton Park village?
Chicago Trend Corporation was awarded this professional services contract by Richton Park village, as recorded on May 20, 2026. The contract value is Up to $30,000.00.
How much is the Chicago Trend Corporation contract with Richton Park village worth?
The Chicago Trend Corporation contract with Richton Park village is valued at Up to $30,000.00, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Village of Richton Park Agreement Preliminary Agreement Between The Village of Richton Park and The Chicago TREND Corporation 2026-05-20 (Agreement), dated May 20, 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 Chicago Trend Corporation hold?
Chicago Trend Corporation 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.