Cleveland State University Awards Facilities Contract to Cross Country Mortgage Llc (March 2026)

The Board of Trustees approved leasing CSU Lot 50, a 239‑space surface parking lot, to Cross Country Mortgage, LLC for $30,700 per month with a five‑year initial term and automatic one‑year renewals. CCM will fund up to $110,000 in resurfacing costs and assume maintenance and oversight responsibilities for the lot.

Scope & details

The full contract record, as filed.

Contract amount

$30,700/month (5% annual increase after initial term); resurfacing cost not to exceed $110,000 paid over first 12 months

Contract type

FACILITIES

Contract term

Initial term 5 years, with five (5) automatic 1‑year renewals unless terminated with 90 days’ notice

Renewal

Initial 5‑year lease term followed by up to five automatic 1‑year renewals unless either party gives at least 90 days’ written notice before the end of the then-current term. Rental rate increases 5% per year after the initial term. University retains a redevelopment right with six months’ notice and must repay unamortized resurfacing costs if exercised.

Document type

Minutes

Source document

Cleveland State University Minutes Board of Trustees Meeting 2026-03-19

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Cleveland State University?

Cross Country Mortgage Llc was awarded this facilities contract by Cleveland State University, as recorded on March 19, 2026. The contract value is $30,700/month (5% annual increase after initial term); resurfacing cost not to exceed $110,000 paid over first 12 months.

How much is the Cross Country Mortgage Llc contract with Cleveland State University worth?

The Cross Country Mortgage Llc contract with Cleveland State University is valued at $30,700/month (5% annual increase after initial term); resurfacing cost not to exceed $110,000 paid over first 12 months, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Cleveland State University Minutes Board of Trustees Meeting 2026-03-19 (Minutes), dated March 19, 2026 from Cleveland State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cross Country Mortgage Llc hold?

Cross Country Mortgage 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 Cross Country Mortgage Llc's profile

What is Cleveland State University currently buying?

Explore Cleveland State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Cleveland State University's profile