CONSTRUCTIONPENDING

Town Plans Land Conveyance to LMG for Downtown Project

The Town of Garner plans to sell a portion of the Garner Recreation Center parcel to LMG by private sale for at least $400,000 or appraised value as part of the Downtown Development Project. The conveyance is embedded in a Master Development Agreement requiring LMG to construct a mixed-use project and parking garage under detailed conditions and bonding requirements.

Status
PENDING
Document date
August 25, 2026
Contract type
CONSTRUCTION
Vendor
LMG
Agency
Town of Garner · NC

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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
$400,000 or the appraised value of the Property, whichever is higher
Contract type
CONSTRUCTION
Contract term
Closing no later than 270 days after effective date, with possible 60-day extension
Renewal
This is a one-time land sale governed by the Master Development Agreement and the Initial Purchase and Sale Agreement; no renewal terms apply, but closing dates may be extended by 60 days and the Town retains a right to repurchase if the project is terminated after closing.
Document type
AgendaPacket
Source document
Town of Garner AgendaPacket Town Council Work Session 2026-08-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Town of Garner?

LMG was awarded this construction contract by Town of Garner, as recorded on August 25, 2026. The contract value is $400,000 or the appraised value of the Property, whichever is higher.

How much is the LMG contract with Town of Garner worth?

The LMG contract with Town of Garner is valued at $400,000 or the appraised value of the Property, whichever is higher, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Garner AgendaPacket Town Council Work Session 2026-08-25 (AgendaPacket), dated August 25, 2026 from Town of Garner. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does LMG hold?

LMG may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Garner currently buying?

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

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