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Burr Ridge extends purchase-and-sale agreement with Goddard Real Estate to Dec. 26, 2026
Summary
The board approved a first amendment to the purchase-and-sale agreement with Goddard Real Estate Development Company LLC, extending contingencies and the PSA deadline to Dec. 26, 2026, to allow time for title review, easement language and permitting steps necessary for closing.
The Village of Burr Ridge voted to approve a first amendment extending the purchase‑and‑sale agreement (PSA) with Goddard Real Estate Development Company LLC, moving the PSA deadline to Dec. 26, 2026.
Evan Meck summarized the amendment as a time extension to avoid default and the need to restart the sale process. "If they approve, this would extend our PSA to 12/26/2026," he told the board, adding that title-review complexities and a small number of historical subdivision issues from a 1946 plat delayed earlier progress.
Meck said zoning approval is already in place and that easement language and building permits remain as near‑term tasks. He recommended the additional time to allow Goddard to complete outstanding items, including commercial permitting and occupancy requirements related to a proposed preschool on the site.
Trustees voted to approve the amendment; staff recorded the extension and said closing steps would proceed if remaining conditions are satisfied before the new deadlines.
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