Petersburg Authorizes 135 Franklin Street Property Sale

Petersburg authorized the City Manager to complete the sale and development agreements with Urban Development Corp. for the City-owned property at 135 Franklin Street. The property sale price is $18,200, while the development agreement identifies an original purchase price of $20,000 and requires completion of development within 12 months.

Document date · September 15, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$18,200 purchase price; development agreement states original purchase price of $20,000

Contract type

OTHER

Contract term

Development period of 12 months from execution of the Development Agreement signed February 13, 2026

Renewal date

2027-02-13

Renewal

No automatic renewal. The agreement remains binding until development obligations are completed and may be extended only by written consent approved by City Council; default may trigger reversion of the property to the City.

Document type

AgendaPacket

Source document

Petersburg City Council Agenda Packet September 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Petersburg?

Urban Development Corp was awarded this government contract by City of Petersburg, as recorded on September 15, 2026. The contract value is $18,200 purchase price; development agreement states original purchase price of $20,000.

How much is the Urban Development Corp contract with City of Petersburg worth?

The Urban Development Corp contract with City of Petersburg is valued at $18,200 purchase price; development agreement states original purchase price of $20,000.

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 Petersburg City Council Agenda Packet September 15, 2026 (AgendaPacket), dated September 15, 2026 from City of Petersburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Urban Development Corp hold?

Urban Development Corp 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 Urban Development Corp's profile

What is City of Petersburg currently buying?

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

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