City of Faribault Awards $254,000 Purchase And Development Agreement Contract to Riverchase Faribault Ii (June 2025)
City of FaribaultCity · Faribault, MN- Disclosed value
- $254,000.00
- From resolution
- Approved
- Jun 10, 2025
The 30-second brief
City of Faribault approves Purchase and Development Agreement with Riverchase Faribault II LLC for property described as Lot 1, Block 2, Riverchase Addition for $254,000.00. The agreement facilitates the development of a 76-unit apartment building and related site improvements, with a closing date no later than July 10, 2025.
Riverchase Faribault Ii holds this purchase and development agreement contract with City of Faribault.
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Contract details
- Contract type
- Purchase And Development Agreement
- Amount
- $254,000.00
- Document date
- June 10, 2025
- Term
- NA
- Vendor
- Riverchase Faribault Ii
- Agency
- City of Faribault
- Source document
- city-of-faribault-resolution-2025-155_a9a.pdf (Resolution)
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Questions about this contract
Who was awarded the purchase and development agreement contract by City of Faribault?
Riverchase Faribault Ii was awarded this purchase and development agreement contract by City of Faribault, as recorded on June 10, 2025. The contract value is $254,000.00.
How much is the Riverchase Faribault Ii contract with City of Faribault worth?
The Riverchase Faribault Ii contract with City of Faribault is valued at $254,000.00, covering purchase and development agreement work.
What type of contract is this?
This is a Purchase And Development Agreement contract, documented as a resolution record.
Where was this contract approved?
This contract appears in city-of-faribault-resolution-2025-155_a9a.pdf (Resolution), dated June 10, 2025 from City of Faribault. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Riverchase Faribault Ii hold?
Riverchase Faribault Ii may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Faribault currently buying?
Explore City of Faribault's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.