CONSTRUCTIONAPPROVED

san_benito_high_school_district_facilities_lease.pdf

SBHSD approves lease-leaseback for Projects 25-26

Not to exceed [AMOUNT IN WORDS] DOLLARS ($[AMOUNT IN NUMBERS]) for preconstruction; Guaranteed Maximum Price (GMP) amount to be set in Exhibit C for construction and lease paymentsSan Benito High[NAME OF DEVELOPER]September 1, 2025

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Description

San Benito High School District is executing a lease-leaseback Facilities Lease with a developer to deliver SBHSD: Projects 25-26 at its Hollister campus, including preconstruction and construction services on a Guaranteed Maximum Price basis. The District will lease back the completed facilities and site, making scheduled lease payments for roughly one year after acceptance, with options to purchase the project under the GMP provisions. Preconstruction compensation is capped at a not-to-exceed amount, which is later rolled into the overall GMP.

Contract Details

Contract Amount

Not to exceed [AMOUNT IN WORDS] DOLLARS ($[AMOUNT IN NUMBERS]) for preconstruction; Guaranteed Maximum Price (GMP) amount to be set in Exhibit C for construction and lease payments

Vendor

[NAME OF DEVELOPER]

Agency

San Benito High, CA

Contract Type

CONSTRUCTION

Document Date

September 1, 2025

Contract Term

Preconstruction services from Notice to Proceed through Board approval of GMP or termination; lease/leaseback term commencing upon delivery and acceptance of the Project and ending approximately one (1) year thereafter or upon payment of final lease payment

Renewal Info

Term may be shortened or extended based on defaults, exercise of the District’s purchase option, eminent domain, or destruction of the project. Construction component only becomes effective after DSA approval of plans and Board approval of the GMP. No automatic renewal is specified; extensions of preconstruction schedule or contract time require written agreement.