Site Lease Awarded for Grace M. Davis High School Fields Project
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Description
Modesto City Schools has awarded a Site Lease to [Name of Developer] for the Grace M. Davis High School Baseball and Softball Fields Project. The Developer will construct new athletic fields and lease the completed project and site back to the District under a Facilities Lease. The agreement was competitively awarded pursuant to Education Code Section 17406.
Contract Details
Contract Amount
$1.00 and consideration under Facilities Lease (amount unspecified)
Vendor
[NAME OF DEVELOPER]
Agency
Modesto City Elementary, CA
Contract Type
CONSTRUCTION
Document Date
October 28, 2024
Contract Term
October 28, 2024 through end of Facilities Lease term (exact date unspecified, to terminate upon Facilities Lease completion or buyout)
Renewal Info
Lease term and renewal contingent on the Facilities Lease. Site Lease terminates upon Facilities Lease buyout, termination, or at its conclusion; may be amended with written agreement of both parties.
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