Virginia Beach Considers Agricultural Easement Purchase

Virginia Beach is considering a $785,182 Installment Purchase Agreement with Derek J. Eason to acquire development rights on approximately 81.6 acres at Muddy Creek Road. The proposed perpetual easement would use interest-only payments for 25 years, with principal due at the end of the payment period.

Document date · October 3, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$785,182

Contract type

OTHER

Contract term

Perpetual agricultural land preservation easement; interest-only payments twice per year for 25 years, with principal due 25 years from the Installment Purchase Agreement date

Renewal

Perpetual agricultural land preservation easement; no renewal provision stated. Installment payments run for 25 years, with principal due 25 years after execution of the agreement.

Document type

AgendaPacket

Source document

City of Virginia Beach AgendaPacket City Council Agenda 2026-10-06

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Virginia Beach Public Utilities?

Eason, Derek J. was awarded this government contract by Virginia Beach Public Utilities, as recorded on October 3, 2026. The contract value is $785,182.

How much is the Eason, Derek J. contract with Virginia Beach Public Utilities worth?

The Eason, Derek J. contract with Virginia Beach Public Utilities is valued at $785,182.

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 City of Virginia Beach AgendaPacket City Council Agenda 2026-10-06 (AgendaPacket), dated October 3, 2026 from Virginia Beach Public Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eason, Derek J. hold?

Eason, Derek J. 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 Eason, Derek J.'s profile

What is Virginia Beach Public Utilities currently buying?

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