Newton extends airport land PSA with 21 Albemarle

Newton approved an amendment to its real estate Purchase and Sale Agreement with 21 Albemarle, LLC for airport property to extend the construction deadline for a 40,000-square-foot facility to May 1, 2026. If the buyer fails to build by that date, the City retains the option to repurchase the property for the original $79,840 purchase price, with other buyer costs forfeited.

Document date · August 26, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$79,840.00 (original purchase price)

Contract type

FACILITIES

Contract term

Reversionary condition now runs until May 1, 2026 for construction requirement

Renewal date

2026-05-01

Renewal

Amendment revises paragraph 11 of the PSA to push the reversionary construction deadline from May 1, 2025 to May 1, 2026; the reversionary option itself continues to survive closing and remains enforceable after that date if conditions are unmet.

Document type

Agenda

Source document

city_of_newton_regular_commission_meeting_agenda_a.pdf

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City of Newton AgendaPacket Regular Commission Meeting 2026-10-13

PENDING

City of Newton, KansasOct 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Newton?

21 Albemarle Llc was awarded this facilities contract by City of Newton, as recorded on August 26, 2025. The contract value is $79,840.00 (original purchase price).

How much is the 21 Albemarle Llc contract with City of Newton worth?

The 21 Albemarle Llc contract with City of Newton is valued at $79,840.00 (original purchase price), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city_of_newton_regular_commission_meeting_agenda_a.pdf (Agenda), dated August 26, 2025 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 21 Albemarle Llc hold?

21 Albemarle 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 21 Albemarle Llc's profile

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