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Pittsylvania County Industrial Development Authority Agenda Packet 2026-05-20

IDA Considers $27.5M Land Acquisition from Hancock Timberland

$27,551,475.00Pittsylvania CountyHANCOCK TIMBERLAND XII INCMay 20, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The IDA is considering a purchase and sale agreement with Hancock Timberland XII, Inc. for approximately 2,500 acres. The agreement includes a price of $27,551,475.00 and an earnest money deposit securing site control through December 3, 2026.

Contract Details

Contract Amount

$27,551,475.00

Vendor

HANCOCK TIMBERLAND XII INC

Agency

Pittsylvania County, VA

Contract Type

OTHER

Document Date

May 20, 2026

Contract Term

Earnest money deposit for site control until December 3, 2026

Renewal Date

2026-12-03

Renewal Info

Site control via earnest deposit until Dec 3, 2026; no auto-renewal stated.

More from HANCOCK TIMBERLAND XII INC

Related Contracts

Pittsylvania County Industrial Development Authority Agenda Packet 2026-06-17

AWARDED
Pittsylvania County (Virginia)$27,551,475.00 (purchase price); $137,757.38 (earnest deposit)June 17, 2026

Pittsylvania County Industrial Development Authority Agenda Packet 2026-06-17

APPROVED
Pittsylvania County (Virginia)$27,551,475.00 (earnest money deposit of $137,757.38)June 17, 2026

Pittsylvania County Industrial Development Authority Agenda 2026-05-20

PENDING
Pittsylvania County (Virginia)$27,551,475.00 (earnest money deposit $137,757.38)May 20, 2026

Pittsylvania County Industrial Development Authority Agenda 2026-05-20

PENDING
Pittsylvania County (Virginia)$27,551,475.00May 20, 2026

Pittsylvania County Industrial Development Authority Agenda Packet 2026-05-20

PENDING
Pittsylvania County (Virginia)$27,551,475.00 (earnest money deposit $137,757.38)May 20, 2026

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