IDA considers property management contract for Dan River Falls
City of DanvilleCity · Danville, VA- Disclosed value
- 8% management fee based on operating expenses; 2026 CAM budget $369,460 (including management fee)
- From report
- Document date
- Sep 1, 2025
The 30-second brief
The Industrial Development Authority is considering a five-year Property Management Agreement with The Alexander Company, Inc. to serve as exclusive property manager for Dan River Falls at 420 Memorial Drive. The contract provides for an 8% management fee based on operating expenses, within a 2026 CAM budget of $369,460, and includes options for three additional five-year renewals.
Alexander Company Inc holds this facilities contract with City of Danville. Its other public contracts on record include work for City of Stoughton and City of Park.
Term as filed: Five-year term beginning in 2025, with options for three additional five-year renewals.
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Contract details
- Contract type
- Facilities
- Amount
- 8% management fee based on operating expenses; 2026 CAM budget $369,460 (including management fee)
- Document date
- September 1, 2025
- Term
- Five-year term beginning in 2025, with options for three additional five-year renewals
- Vendor
- Alexander Company Inc
- Agency
- City of Danville
- Source document
- city-of-danville-staff-report-september-2025_362.pdf (Report)
Alexander Company Inc's other public contracts
More City of Danville contracts
Questions about this contract
Who was awarded the facilities contract by City of Danville?
Alexander Company Inc was awarded this facilities contract by City of Danville, as recorded on September 1, 2025. The contract value is 8% management fee based on operating expenses; 2026 CAM budget $369,460 (including management fee).
How much is the Alexander Company Inc contract with City of Danville worth?
The Alexander Company Inc contract with City of Danville is valued at 8% management fee based on operating expenses; 2026 CAM budget $369,460 (including management fee), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a report record.
Where was this contract approved?
This contract appears in city-of-danville-staff-report-september-2025_362.pdf (Report), dated September 1, 2025 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Alexander Company Inc hold?
Alexander Company Inc 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 Danville currently buying?
Explore City of Danville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.