City of Petersburg Council Meeting Agenda July 2024
Petersburg Approves Sale of Property to ECIMED-1, LLC for Medical Facility
Trusted by teams at
Description
The City of Petersburg approved the sale of 101 West Washington Street to ECIMED-1, LLC for $173,250. The property will be developed into a new medical center, with closing contingent on execution of a development agreement and a reverter provision if development terms are not met.
Contract Details
Contract Amount
$173,250
Vendor
ECIMED-1 LLC
Agency
City of Petersburg, VA
Contract Type
OTHER
Document Date
July 16, 2024
Contract Term
Closing on or before ninety (90) business days after due diligence period; due diligence period is 180 days after effective date with possible extensions up to one year
Renewal Date
2025-07-09
Renewal Info
Due diligence period can be extended; closing occurs after development agreement approval. Reverter provision if performance requirements not met.
More from ECIMED-1 LLC
Related Contracts
City of Petersburg City Council Meeting Agenda April 28, 2026
PENDINGPetersburg City Council Work Session Agenda May 2025
AMENDEDPetersburg City Council Minutes April 2025
AMENDEDPetersburg City Council Meeting Agenda April 2025
AMENDEDCity of Petersburg City Council Work Session Agenda April 2025
AMENDEDMore from City of Petersburg
City of Petersburg City Council Meeting Agenda April 28, 2026
City of Petersburg City Council Meeting Agenda April 28, 2026
City of Petersburg City Council Meeting Agenda April 28, 2026
City of Petersburg City Council Meeting Agenda April 28, 2026
City of Petersburg City Council Meeting Agenda April 28, 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.