CITY OF WAUKEGAN MEMORANDUM OF KEY TERMSMemorandum of Key Terms • April 29th, 2022
Contract Type FiledApril 29th, 2022THIS MEMORANDUM OF KEY TERMS (hereinafter referred to as the “Memorandum”) is made between the CITY OF WAUKEGAN, an Illinois home rule municipality (“City”) and FHR-ILLINOIS LLC a Delaware limited liability company (“Developer”) (each, a “Party” and collectively, the “Parties”). This Memorandum is intended to memorialize preliminary terms of agreement between the Parties and to serve as a framework for the finalization and execution of subsequent binding instruments. This Memorandum is non-binding and no rights, title, interest, or claims may be construed or interpreted to arise from its terms.