PH Homes Hermana Property Purchase Extended
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Description
The Waterford School District Board approved a contract amendment granting PH Homes, Inc. an extension to obtain approvals for the purchase of the Hermana Property. The district will receive an immediate $15,000 non-refundable payment.
Contract Details
Contract Amount
$675,000.00 (total purchase price); $15,000.00 immediate non-refundable extension fee; $25,000.00 earnest money deposit (cumulative)
Vendor
PH HOMES INC
Agency
Waterford School District, MI
Contract Type
OTHER
Document Date
January 15, 2026
Contract Term
Agreement originally Dated December 23, 2024; extension to approval period beyond January 26, 2026
Renewal Info
Original agreement signed December 23, 2024; two prior extensions exercised; this amendment grants an additional extension period for governmental approvals.
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