PH Homes, Inc. Granted Extension on Land Purchase Agreement
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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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