central-oregon-community-college-agenda-2024-07-10_558.pdf
COCC Amends Real Estate Development Deal for Outcrop Subdivision
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Description
COCC Board approved Addendum No. 5 to its existing development agreement with William Smith Properties, Inc., authorizing up to $2.3 million in infrastructure funding for 35-lot Outcrop Subdivision Phase 2, with modified revenue sharing and sale authorization procedures.
Contract Details
Contract Amount
Up to $2,300,000 (COCC infrastructure investment); $12,069,000 aggregate minimum lot sale price; estimated net proceeds to COCC: $5,057,733
Vendor
WILLIAM SMITH PROPERTIES INC
Agency
Central Oregon Community College, OR
Contract Type
FACILITIES
Document Date
July 10, 2024
Renewal Info
Fifth Addendum—prior phases completed; this amendment increases COCC's funding and modifies agreement terms. Duration will follow project timeline through lot sales.
More from WILLIAM SMITH PROPERTIES INC
Related Contracts
Central Oregon Community College Board of Directors Meeting Agenda February 2026
ONGOINGcocc_board_real_estate_committee_meeting_agenda_ja.pdf
ONGOINGcentral-oregon-community-college-agenda-2024-10-01_a36.pdf
ONGOINGcentral-oregon-community-college-agenda-2024-07-02_2e8.pdf
AMENDEDcentral-oregon-community-college-agenda-2024-01-02_743.pdf
PENDINGMore from Central Oregon Community College
COCC Board Real Estate Committee Meeting Agenda April 2026
COCC Board Real Estate Committee Meeting Agenda April 2026
COCC Board Real Estate Committee Meeting Agenda April 2026
Central Oregon Community College Board of Directors Meeting Agenda February 2026
Central Oregon Community College Board of Directors Meeting Agenda February 2026
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