central-oregon-community-college-agenda-2024-01-02_743.pdf
$30,000 Development Extension with William Smith Properties Inc.
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Description
William Smith Properties, Inc. will make a $30,000 consideration payment to COCC for an extension on development deadlines related to The Veridian’s second phase. The payment is expected in early February 2024 and supports continued planning for new residential units.
Contract Details
Contract Amount
$30,000 consideration payment
Vendor
WILLIAM SMITH PROPERTIES INC
Agency
Central Oregon Community College, OR
Contract Type
OTHER
Document Date
January 2, 2024
Contract Term
Extension of due diligence period by 1 year (anticipated payment early February 2024)
Renewal Date
2025-02-01
Renewal Info
WSPI to submit a $30,000 payment for a one-year extension of the due diligence period for development. Extension does not change the agreed rent commencement date. Additional extensions or amendments subject to future negotiations.
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