FACILITIESAPPROVED

ISANA Palmati Academy District Awards Facilities Contract to 2911 San Fernando Rd Llc (June 2025)

ISANA Palmati Academy District approved a triple-net lease with 2911 San Fernando Rd LLC for the 2911 San Fernando Road property to house ISANA Octavia Academy, at $150,000 per month with annual increases and a $450,000 rent credit over three years. The three-year initial term runs from June 16, 2025, through June 30, 2028, with multiple five-year extension options and an option to purchase the property.

Status
APPROVED
Document date
June 12, 2025
Contract type
FACILITIES
Vendor
2911 San Fernando Rd Llc
Agency
ISANA Palmati Academy District · CA

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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
$150,000 per month with annual increases; $450,000 rent credit in three installments; $300,000 early termination fee in certain cases
Contract type
FACILITIES
Contract term
Initial term 3 years (6/16/2025 – 6/30/2028) with three 5-year extension options
Renewal date
2028-06-30
Renewal
Initial three-year lease term from 6/16/2025 to 6/30/2028 with ISANA options to extend the term three times for five years each, aligned with Octavia’s charter renewal cycle. Lease includes several no-fee termination contingencies and an early termination fee of $300,000 in other specified scenarios.
Document type
Minutes
Source document
ISANA Palmati Academy District Minutes Regular Board Meeting 2025-06-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by ISANA Palmati Academy District?

2911 San Fernando Rd Llc was awarded this facilities contract by ISANA Palmati Academy District, as recorded on June 12, 2025. The contract value is $150,000 per month with annual increases; $450,000 rent credit in three installments; $300,000 early termination fee in certain cases.

How much is the 2911 San Fernando Rd Llc contract with ISANA Palmati Academy District worth?

The 2911 San Fernando Rd Llc contract with ISANA Palmati Academy District is valued at $150,000 per month with annual increases; $450,000 rent credit in three installments; $300,000 early termination fee in certain cases, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in ISANA Palmati Academy District Minutes Regular Board Meeting 2025-06-12 (Minutes), dated June 12, 2025 from ISANA Palmati Academy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 2911 San Fernando Rd Llc hold?

2911 San Fernando Rd 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 2911 San Fernando Rd Llc's profile

What is ISANA Palmati Academy District currently buying?

Explore ISANA Palmati Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View ISANA Palmati Academy District's profile

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