ROCHELLE — In recent years, the downtown area of Rochelle has seen various new businesses and development projects. Most recently, in a decision made by the Rochelle City Council earlier this month, a development agreement with Seldal Properties, LLC was approved for a $1 million redevelopment of 318, 320, 322, 324 and 326 Lincoln Highway that will consist of mixed-use retail and residential space. The city will reimburse Seldal Properties, LLC $300,000 after the completion of the project with tax increment financing money as part of the development agreement.