Amended Performance Agreement With Lambert & Green Reviewed

Alvarado City Council held the first reading of a resolution approving an Amended Performance Agreement between the Economic Development Corporation and Lambert & Green, LLC for redevelopment of 105 S. Friou Street. The amendment extends the agreement through 2030 and updates performance requirements and project deadlines.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Through 2030

Renewal date

2030-12-31

Renewal

Agreement term extended through 2030 with updated performance milestones and clarified provisions on AEDC-funded equipment and future purchaser approvals; final Council approval still pending after first reading.

Document type

Minutes

Source document

City of Alvarado City Council Regular Meeting Minutes 2026-06-15

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City of Alvarado Agenda Packet 2026-07-20

AMENDED

City of Alvarado, MinnesotaNot to exceed $263,676.50Jul 20, 2026

Alvarado City Council Agenda 2026-07-20

APPROVED

City of Alvarado, MinnesotaJul 17, 2026

Alvarado City Council Agenda 2026-06-15

PENDING

City of Alvarado, MinnesotaJun 15, 2026

City of Alvarado Council Minutes November 2025

PENDING

City of Alvarado, MinnesotaNov 17, 2025

Alvarado Economic Development Board Agenda November 2025

APPROVED

City of Alvarado, MinnesotaNov 17, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Alvarado?

Lambert & Green Llc was awarded this financial services contract by City of Alvarado, as recorded on June 15, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Alvarado City Council Regular Meeting Minutes 2026-06-15 (Minutes), dated June 15, 2026 from City of Alvarado. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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