Modesto City Schools Awards Facilities Lease for Classroom Project
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Description
Modesto City Schools enters into a Facilities Lease with a selected developer for the Modesto High School Classroom Buildings Phase 2 Project. The award covers preconstruction, construction, and site lease-back with contract value set by the Guaranteed Maximum Price to be outlined in Exhibit C.
Contract Details
Contract Amount
See Guaranteed Maximum Price, Exhibit C (not specified in main document)
Vendor
[NAME OF DEVELOPER]
Agency
Modesto City Elementary, CA
Contract Type
CONSTRUCTION
Document Date
October 28, 2024
Contract Term
Commences on District's acceptance of Project; terminates 1 year after, or upon final lease payment; may be extended/shortened under terms
Renewal Info
Term may be extended or shortened for default, purchase, eminent domain, or at end of lease. Contract can be terminated by either party per specified conditions. One-year term after acceptance unless modified by final payment or event-based terminations. Renewals/amendments per Facilities Lease provisions.
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