Petersburg City Council Work Session Agenda May 2025
Purchase Agreement Extended for ECIMED-1, LLC Downtown Project
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Description
Petersburg City Council authorized an amendment to the purchase agreement with ECIMED-1, LLC for development of 101 West Washington Street, granting an extension for legal work and tenant acquisition. The amendment facilitates continued progress on the downtown redevelopment project.
Contract Details
Vendor
ECIMED-1 LLC
Agency
City of Petersburg, VA
Contract Type
OTHER
Document Date
May 6, 2025
Renewal Info
Agreement extension permits additional time for legal resolution and tenant recruitment; original contract terms adjusted accordingly.
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