FINANCIAL_SERVICESAMENDED

Amended Incentive Agreement for 105 S. Friou Redevelopment

The City of Alvarado is asked to approve an amended performance agreement between the Alvarado Economic Development Corporation and Lambert & Green, LLC, capping incentives at $263,676.50 for redevelopment of 105 S. Friou Street. The amendment extends the term through 2030, updates performance requirements tied to a restaurant or similar use, and clarifies AEDC’s rights to funded equipment.

Status
AMENDED
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lambert & Green Llc
Agency
City of Alvarado · MN

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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

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $263,676.50
Contract type
FINANCIAL_SERVICES
Contract term
Effective date through December 31, 2030
Renewal date
2030-12-31
Renewal
Agreement term runs through December 31, 2030; amendment extends original expiration and clarifies performance milestones including façade completion, certificate of occupancy, tenant approvals, and AEDC-funded equipment rights.
Document type
AgendaPacket
Source document
City of Alvarado Agenda Packet 2026-07-20

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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 July 20, 2026. The contract value is Not to exceed $263,676.50.

How much is the Lambert & Green Llc contract with City of Alvarado worth?

The Lambert & Green Llc contract with City of Alvarado is valued at Not to exceed $263,676.50, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Alvarado Agenda Packet 2026-07-20 (AgendaPacket), dated July 20, 2026 from City of Alvarado. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lambert & Green Llc hold?

Lambert & Green 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.

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What is City of Alvarado currently buying?

Explore City of Alvarado's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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