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Rochelle City Council sells land to developer with plans for hotel
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Shaw Media Local
The Rochelle city council voted unanimously Monday to sell 2.5 acres of property it owns on Technology Parkway for $218,000 to a developer with plans for a hotel on the land.
The council approved the original agreement with LCIDA in July 2024 and it expired in December.
Over the past several years, the city has purchased over 55 acres of land for future city railroad expansion.
AgreementThe council unanimously approved an amendment to a 2024 redevelopment agreement with Rochelle Hub, LLC for 1663 S. Main St. that will see its required timelines extended.
FeesThe council unanimously approved the extension of a moratorium on building permit fees and sewer, water and electric connection fees for new single-family residential housing construction.