Town Considers Five-Year Land Option with Tobacco Road Holdings

Butner Town Council will hold a public hearing to approve a five-year option to purchase 169 acres in the Butner Gateway from Tobacco Road Holdings, LLC, paying $100 plus an estimated $40,000 in initial due diligence costs. The agreement supports long-term economic development by enabling environmental, geotechnical, and planning studies toward state site certification.

Scope & details

The full contract record, as filed.

Contract amount

$100 plus the cost of pre-development due diligence investigations (initial phase estimated at $40,000)

Contract type

OTHER

Contract term

Five-year option period to purchase three parcels totaling 169 acres

Renewal

Five-year option agreement for future purchase at fair market value, with potential additional due diligence phases subject to separate public hearings.

Document type

Agenda

Source document

Butner Town Council Meeting Agenda May 2026

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Butner Town Council Agenda 2026-08-06

ONGOING

Town of Butner, North CarolinaAug 6, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Butner?

Tobacco Road Holdings Llc was awarded this government contract by Town of Butner, as recorded on May 7, 2026. The contract value is $100 plus the cost of pre-development due diligence investigations (initial phase estimated at $40,000).

How much is the Tobacco Road Holdings Llc contract with Town of Butner worth?

The Tobacco Road Holdings Llc contract with Town of Butner is valued at $100 plus the cost of pre-development due diligence investigations (initial phase estimated at $40,000).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Butner Town Council Meeting Agenda May 2026 (Agenda), dated May 7, 2026 from Town of Butner. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tobacco Road Holdings Llc hold?

Tobacco Road Holdings Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Tobacco Road Holdings Llc's profile

What is Town of Butner currently buying?

Explore Town of Butner's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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