Atlantic Beach Considers $875,000 Teramore Property Sale
City of Atlantic BeachCity · Atlantic Beach, FL- Disclosed value
- $875,000.00 purchase price; $30,000.00 earnest money deposit; optional additional $10,000.00 earnest money
- From agendapacket
- Document date
- Nov 7, 2026
The 30-second brief
Atlantic Beach is considering a purchase and sale agreement with Teramore Development, LLC for the City-owned property at 2880 Mayport Road. The draft sets an $875,000 purchase price and provides for a 150-day due diligence period with a possible 45-day extension.
Teramore Development LLC holds this contract with City of Atlantic Beach. Its other public contracts on record include work for Santa Rosa County and Morgan County.
Term as filed: Draft agreement; 150-day due diligence period after the Effective Date, with one optional 45-day extension; closing within 30 days after the due diligence period, subject to conditions.
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Contract details
- Amount
- $875,000.00 purchase price; $30,000.00 earnest money deposit; optional additional $10,000.00 earnest money
- Document date
- November 7, 2026
- Term
- Draft agreement; 150-day due diligence period after the Effective Date, with one optional 45-day extension; closing within 30 days after the due diligence period, subject to conditions
- Vendor
- Teramore Development LLC
- Agency
- City of Atlantic Beach
- Source document
- City of Atlantic Beach AgendaPacket Regular City Commission Meeting 2026-11-09 (AgendaPacket)
Teramore Development LLC's other public contracts
More City of Atlantic Beach contracts
Questions about this contract
Who was awarded the government contract by City of Atlantic Beach?
Teramore Development LLC was awarded this government contract by City of Atlantic Beach, as recorded on November 7, 2026. The contract value is $875,000.00 purchase price; $30,000.00 earnest money deposit; optional additional $10,000.00 earnest money.
How much is the Teramore Development LLC contract with City of Atlantic Beach worth?
The Teramore Development LLC contract with City of Atlantic Beach is valued at $875,000.00 purchase price; $30,000.00 earnest money deposit; optional additional $10,000.00 earnest money.
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 Atlantic Beach AgendaPacket Regular City Commission Meeting 2026-11-09 (AgendaPacket), dated November 7, 2026 from City of Atlantic Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Teramore Development LLC hold?
Teramore Development 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.
What is City of Atlantic Beach currently buying?
Explore City of Atlantic Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.