CONTRACTPENDING

Preservation NC Option for Milton Small Building

Disclosed value: $1.00 (option consideration); fair market value sale to be determined; From minutes
Document date: Mar 19, 2026

What it covers

Durham City Council reviewed a proposed option agreement granting Preservation NC the right to purchase the Home Security Life Insurance (Milton Small) Building at 505 West Chapel Hill Street. The option carries a $1.00 consideration, with a subsequent fair-market-value sale and protective covenants tied to a rehabilitation agreement before conveyance to a private developer.

Who holds it

Preservation Nc holds this professional services contract with City of Durham. Its other public contracts on record include work for Town of Franklinville and Town of Davidson.

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Contract details

Contract type: Professional Services
Amount: $1.00 (option consideration); fair market value sale to be determined
Document date: March 19, 2026
Vendor: Preservation Nc
Agency: City of Durham
Source document: Durham City Council Minutes Work Session Meeting Minutes March 19, 2026 (Minutes)

Preservation Nc's other public contracts

Town of Franklinville, North CarolinaFranklinville Approves $600 Contribution to Preservation NC · Mar 9, 2026$600 Town of Davidson, OklahomaPreservation NC to Receive Easement for Louise Sloan House · May 2, 2025Undisclosed Town of Davidson, North CarolinaPreservation NC May Receive Preservation Easement in Sloan House Sale · Jan 15, 2025Undisclosed Town of Rutherfordton, North CarolinaTown Approves Option for Greenway House with Preservation NC · Dec 4, 2024Undisclosed City of Thomasville city, North CarolinaPreservation NC presents sale of police department · May 7, 2024Undisclosed All Preservation Nc contractsVendor profile

More City of Durham contracts

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Questions about this contract

Who was awarded the professional services contract by City of Durham?

Preservation Nc was awarded this professional services contract by City of Durham, as recorded on March 19, 2026. The contract value is $1.00 (option consideration); fair market value sale to be determined.

How much is the Preservation Nc contract with City of Durham worth?

The Preservation Nc contract with City of Durham is valued at $1.00 (option consideration); fair market value sale to be determined, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Durham City Council Minutes Work Session Meeting Minutes March 19, 2026 (Minutes), dated March 19, 2026 from City of Durham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Preservation Nc hold?

Preservation Nc 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 Durham currently buying?

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

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