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Morton Grove approves $275,000 settlement with P and P Properties, sets deadline for remaining work
Summary
Trustees approved a settlement with developer P and P Properties requiring a $275,000 payment on first sale, a Feb. 15, 2026 deadline to finish a two‑unit duplex, and mutual release of claims tied to a 2022 TIF development agreement.
The Morton Grove Village Board on Jan. 27 approved a settlement resolving claims under a 2022 economic incentive and tax‑increment financing development agreement with P and P Properties LLC.
Village administrators told trustees the developer failed to meet contract timeline obligations and the village declared default in November 2025; the parties…
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