Petersburg Approves 135 Franklin Street Sale to Urban Development

Petersburg approved documents supporting the sale of city-owned property at 135 Franklin Street to Urban Development Corp. The transaction included a previously signed purchase agreement and development agreement, with the ordinance authorizing execution of the deed and other required documents.

Document date · October 6, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Real estate purchase agreement developed April 20, 2025 and signed June 23, 2025; development agreement developed November 28, 2025 and signed February 13, 2026

Document type

Agenda

Source document

City of Petersburg Agenda Packet 2026-10-06

Related contracts

Other contracts from Urban Development Corp.

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Petersburg City Council Agenda Packet September 15, 2026

APPROVED

City of Petersburg, Virginia$18,200 purchase price; development agreement states original purchase price of $20,000Sep 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 October 6, 2026.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Petersburg Agenda Packet 2026-10-06 (Agenda), dated October 6, 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

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

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