OTHERAPPROVED

City Approves Option Agreement with BELREV, LLC for Parcel Sale

The Bellevue City Council approved an Option Agreement with BELREV, LLC for the exclusive right to purchase approximately 22 acres of municipal property for $1,915,220, with an initial one-year option period and up to three possible extensions. The agreement secures a purchase option in exchange for a fee equal to 1% of the total purchase price. Key contract provisions address due diligence, warranties, and confidentiality.

Status
APPROVED
Document date
January 20, 2026
Contract type
OTHER
Vendor
Belrev Llc
Agency
City of Bellevue · NE

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,915,220.00 (approx. $86,000.00 per acre), Option Fee: 1% of Purchase Price
Contract type
OTHER
Contract term
One (1) year, expiring January, 2027; up to three (3) additional one-year extensions possible
Renewal date
2027-01-20
Renewal
Purchaser (BELREV, LLC) may request up to three (3) additional one-year extensions to the original one-year option term. Each extension would occur sequentially upon approval, potentially extending the agreement up to four years from original execution.
Document type
Agreement
Source document
Bellevue Option Agreement January 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Bellevue?

Belrev Llc was awarded this government contract by City of Bellevue, as recorded on January 20, 2026. The contract value is $1,915,220.00 (approx. $86,000.00 per acre), Option Fee: 1% of Purchase Price.

How much is the Belrev Llc contract with City of Bellevue worth?

The Belrev Llc contract with City of Bellevue is valued at $1,915,220.00 (approx. $86,000.00 per acre), Option Fee: 1% of Purchase Price.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Bellevue Option Agreement January 2026 (Agreement), dated January 20, 2026 from City of Bellevue. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Belrev Llc hold?

Belrev Llc 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 Belrev Llc's profile

What is City of Bellevue currently buying?

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

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