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Developer in default on Roselle's Firewater Barbecue redevelopment; termination could trigger April 20
Summary
Village Administrator Jason Blavsky told trustees the redevelopment agreement is in default and the developer has 14 days to cure; staff recommended no board action now and said the agreement would terminate automatically on April 20 if defaults are not cured.
Village Administrator Jason Blavsky updated the board that the developer for the Firewater Barbecue redevelopment agreement has failed key milestones and is now in default.
Blavsky said the village previously amended the agreement in December to extend deadlines and establish new milestones, but "they had not addressed them to our satisfaction. Subsequently, they were sent a notice of default in…
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