Allowance Allocation Approved for Rose Avenue Reconstruction
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Description
The Oxnard School District approved Allocation #2 under Amendment #3 to its lease-lease-back Construction Services Agreement with Balfour Beatty Contractors, LLC for the Rose Avenue Elementary School Reconstruction Project. The $79,327.00 draw from the established allowance covers unforeseen scope additions and is funded from the Measure I Bond project budget, with project completion now scheduled for July 30, 2026.
Contract Details
Contract Amount
$79,327.00
Vendor
BALFOUR BEATTY CONTRACTORS LLC
Agency
Oxnard, CA
Contract Type
CONSTRUCTION
Document Date
June 17, 2026
Contract Term
Through July 30, 2026 (adjusted completion date for project)
Renewal Date
2026-07-30
Renewal Info
Amendment #003 established a $1,800,000 allowance fund and extended site lease and sublease agreements; Allocation #2 further draws on this allowance while extending construction completion through July 30, 2026.
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