Tim Foley brings a wealth of expertise to Fornaro Law, representing business owners and entrepreneurs across industries such as transportation, services, and real estate development. His practice spans corporate restructurings, contract drafting—including purchase-sale agreements—and advising trucking clients on regulatory compliance with 49 CFR 376.12. Tim's experience in land use law includes preparing and implementing development agreements, obtaining zoning approvals, handling annexations, and executing real estate transactions.

Known for his ability to collaborate effectively with local municipal staff and elected officials, Tim ensures that developments and related zoning processes align with local government regulations while achieving favorable outcomes for his clients. His approach involves proactive communication and strategic negotiation to address any potential issues before they arise, facilitating smooth approvals and minimizing delays.

Key accomplishments include:

• Successfully negotiating a sales tax abatement agreement for a local supermarket with the City of Berwyn.
• Securing zoning approvals and tax incentives for a restaurant development group in LaGrange Park.
• Representing the Village of Broadview in drafting and negotiating redevelopment agreements, organizing and convening Joint Review Board meetings, and drafting legislation.
• Securing zoning approvals, support for a 6B tax incentive, annexation, and a redevelopment agreement for a trucking client with the City of Country Club Hills.
• Achieving confirmation of a Chapter 11 plan for a multi-office pediatric services provider (In Re Northwest Pediatric Services Inc., 12-B-0777).
• Negotiating the annexation of a 34-acre lot into the City of Chicago Heights, securing favorable terms, including support for a Class 8 tax incentive.
• Successfully negotiating redevelopment agreements for a trucking client in University Park, including obtaining a commitment from the village to convey adjacent village-owned parcels.
• Facilitating new financing during business restructurings by negotiating lien subordination agreements with taxing authorities and private lenders.
• Assembling railroad properties to secure client access to public rights of way.
• Obtaining zoning approvals for the development of 16 townhome units in the Village of Itasca.
• Securing zoning approvals for a four-story mixed-use development in the Village of LaGrange.
• Filing petitions with the Illinois Tax Tribunal and achieving favorable settlements related to unpaid sales tax liabilities.
• Obtaining zoning approvals for truck terminals and truck repair shops across the Chicago suburbs, including Brookfield, Mokena, and unincorporated Naperville.

Tim Foley graduated from Canisius College and obtained his law degree from John Marshall Law School. Tim’s experience, along with his commitment to his clients, is what sets him apart. Tim Foley addresses immediate legal needs, while positioning clients for long-term success in their business ventures.