City of Williamsburg Awards License Contract to William & Mary Real Estate Foundation (August 2026)

Williamsburg City Council approved a 59‑month license agreement with the William and Mary Real Estate Foundation for 26 parking spaces on and adjacent to the Northington Parking Terrace. The agreement, serving the VCU Health Center, sets a rate of $86.26 per space per month with a 3% annual increase and is conditioned on continued medical use of the building.

Scope & details

The full contract record, as filed.

Contract amount

$86.26 per space per month with 3% annual increase

Contract type

LICENSE

Contract term

59 months

Renewal

Renewal of a prior license agreement; 59‑month term aligned with the fiscal year; agreement automatically terminates if the building ceases to operate as a medical facility.

Document type

Agenda

Source document

City of Williamsburg City Council Agenda 2026-08-13

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the license contract by City of Williamsburg?

William & Mary Real Estate Foundation was awarded this license contract by City of Williamsburg, as recorded on August 13, 2026. The contract value is $86.26 per space per month with 3% annual increase.

How much is the William & Mary Real Estate Foundation contract with City of Williamsburg worth?

The William & Mary Real Estate Foundation contract with City of Williamsburg is valued at $86.26 per space per month with 3% annual increase, covering license work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Williamsburg City Council Agenda 2026-08-13 (Agenda), dated August 13, 2026 from City of Williamsburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does William & Mary Real Estate Foundation hold?

William & Mary Real Estate Foundation 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 William & Mary Real Estate Foundation's profile

What is City of Williamsburg currently buying?

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

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