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Burr Ridge board authorizes agreement to pursue sale of Village Hall to Goddard for $2.7 million
Summary
Trustees voted 6-0 to authorize entering a purchase-and-sale agreement with Goddard Real Estate for the Village Hall property; the buyer will seek zoning for an early-childhood care facility, and the Veterans Memorial and parkland are excluded from the sale.
The Burr Ridge Mayor and Board of Trustees on Feb. 23 voted to authorize entering a purchase-and-sale agreement (PSA) with Goddard Real Estate to pursue sale of the Village Hall property.
Evan, a village staff member, told the board the agreement sets a purchase price of $2,700,000 with no brokerage fee and earnest money of $135,000 to be deposited into escrow within five business days. He said the inspection period is 120 days with two additional 30-day extension options and that the buyer intends to seek zoning entitlements to operate an early-childhood care facility on the site. "The agreement…
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