First Amendment Sought for Velair Land Purchase Agreement

The City of Anoka will consider a first amendment to its Purchase Agreement with Velair Development Company for 2.55 acres of city land for a planned four-story market-rate apartment project. The proposed amendment would allow Velair three years after closing to begin construction before a potential city repurchase.

Document date · August 24, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

3 years from land closing to commence construction

Renewal

Proposed first amendment clarifies repurchase terms by granting Velair 3 years from land closing to start construction before the City may repurchase the property.

Document type

AgendaPacket

Source document

City of Anoka Council Worksession Agenda Packet 2026-08-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Anoka?

Velair Development Company was awarded this government contract by City of Anoka, as recorded on August 24, 2026.

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 City of Anoka Council Worksession Agenda Packet 2026-08-24 (AgendaPacket), dated August 24, 2026 from City of Anoka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Velair Development Company hold?

Velair Development Company 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 Velair Development Company's profile

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