Civic IQ
OTHERAMENDED

Waterford School District Board of Education Agenda January 2026

PH Homes, Inc. Granted Extension on Land Purchase Agreement

$675,000 (purchase price); $15,000 extension fee (amendment)Waterford School DistrictPH HOMES INCJanuary 15, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Board is recommended to approve an amendment to the 2024 Real Estate Purchase Agreement with PH Homes, Inc., granting an additional extension for the $675,000 sale of a 12-acre parcel; the District will receive a $15,000 non-refundable payment for this extension.

Contract Details

Contract Amount

$675,000 (purchase price); $15,000 extension fee (amendment)

Vendor

PH HOMES INC

Agency

Waterford School District, MI

Contract Type

OTHER

Document Date

January 15, 2026

Contract Term

Extension through post-Jan 26, 2026 (exact new date not stated)

Renewal Info

Original agreement dates to Dec 23, 2024; this is the first amendment/extensions have been granted previously for governmental approvals. Earnest money deposit remains applicable to purchase price.

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