City of Victoria Regular Council Meeting Agenda March 9, 2026
Residential Purchase Agreement Approved with VDW Land, LLC for Downtown West
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Description
Victoria Council approved a $125,000 purchase agreement with VDW Land, LLC for residential development in the Downtown West Third Addition, advancing local redevelopment and housing objectives, with closing to occur within 24 months.
Contract Details
Contract Amount
$125,000 (for 10 units at $12,500/unit)
Vendor
VDW LAND LLC
Agency
City of Victoria, MN
Contract Type
OTHER
Document Date
March 8, 2026
Contract Term
Closing within 24 months of agreement (by March 2028)
Renewal Date
2028-03-09
Renewal Info
Closing must occur within 24 months; agreement includes city option to reacquire property in specified circumstances up to 72 months post-closing.
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