Lynchburg City Council Agenda January 13 2026
City Considers Sale of Jackson Street Properties to Lynchburg Services LLC
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Description
The Lynchburg City Council is considering authorizing the sale of 1505 and 1517 Jackson Street to Lynchburg Services, LLC for $200,000, following an RFP process. The buyer proposes to redevelop the site into an early learning childcare center, investing over $800,000 into the property. If construction does not begin within 6 months, the City may repurchase the property at the sale price per contract.
Contract Details
Contract Amount
$200,000 (purchase price); purchaser to invest over $800,000 in redevelopment
Vendor
LYNCHBURG SERVICES LLC
Agency
City of Lynchburg, VA
Contract Type
OTHER
Document Date
January 13, 2026
Contract Term
Purchase and redevelopment to begin construction within 6 months of sale (contract stipulation)
Renewal Info
Development must begin within 6 months or City may repurchase at sale price. Terms stated in purchase and sale agreement; no automatic renewals.
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