Development agreement approved for 725 Plainview Lane

Albert Lea City Council approved a sale and development agreement with Marjorie J. Petersen for a single-family home at 725 Plainview Lane. The $4,000 land price will be forgiven upon construction, and the developer will receive up to $10,000 in incentives for building and utility connections by December 31, 2028.

Scope & details

The full contract record, as filed.

Contract amount

$4,000 land sale; up to $10,000 incentives ($5,000 housing incentive and up to $5,000 utility connection reimbursement)

Contract type

OTHER

Contract term

House must be constructed by December 31, 2028

Renewal date

2028-12-31

Renewal

Agreement includes a construction deadline of December 31, 2028 and reversion/assessment provisions if the project is not completed; no automatic renewal or extension provisions are included.

Document type

AgendaPacket

Source document

Albert Lea City Council Agenda Packet 2026-08-10

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Albert Lea?

Petersen, Marjorie J was awarded this government contract by City of Albert Lea, as recorded on August 10, 2026. The contract value is $4,000 land sale; up to $10,000 incentives ($5,000 housing incentive and up to $5,000 utility connection reimbursement).

How much is the Petersen, Marjorie J contract with City of Albert Lea worth?

The Petersen, Marjorie J contract with City of Albert Lea is valued at $4,000 land sale; up to $10,000 incentives ($5,000 housing incentive and up to $5,000 utility connection reimbursement).

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Albert Lea City Council Agenda Packet 2026-08-10 (AgendaPacket), dated August 10, 2026 from City of Albert Lea. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Petersen, Marjorie J hold?

Petersen, Marjorie J may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Petersen, Marjorie J's profile

What is City of Albert Lea currently buying?

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

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