After approving the agreement with Openlands, the Forest Preserves entered a 60-day period of due diligence. During this time, staff have been working to secure a title commitment, completed survey, and an environmental assessment.
As we neared the 60-day mark, the District’s exercised its right to extend the due diligence period for another 30 days. Staff has the draft survey in hand, but it is detailed and complex, and additional time is required to review the document. An issue was also discovered during the environmental assessment, which is likely to be resolved fairly quickly.
Despite extending the due diligence period, the District anticipates closing on the property within the next few weeks and intends to open it to the public on or near Labor Day.