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Town of New Market Council Agenda Packet 2026-05-18

Community Center Redevelopment Proposal Presented by Echelon Resources

$7,500 (reimbursement for transaction costs); purchase price $1 (nominal)Town of New MarketECHELON RESOURCES INCMay 18, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Echelon Resources, Inc. presented a proposal to purchase and redevelop the New Market Community Center for market-rate apartments, offering $1 plus a $7,500 reimbursement for closing costs. The proposal is under council discussion.

Contract Details

Contract Amount

$7,500 (reimbursement for transaction costs); purchase price $1 (nominal)

Vendor

ECHELON RESOURCES INC

Agency

Town of New Market, VA

Contract Type

OTHER

Document Date

May 18, 2026

Renewal Info

Project in preliminary discussion; any contract subject to future council approval and negotiation.

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