COCC & WSPI Amend Development Deal for Outcrop Phase 2
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Description
COCC and William Smith Properties, Inc. approved Addendum No. 5, amending their development partnership for Outcrop Phase 2. COCC will fund up to $2.3 million in infrastructure, and WSPI will market and sell residential lots; minimum lot sale prices total over $12 million.
Contract Details
Contract Amount
Up to $2,300,000 from COCC for infrastructure; individual Outcrop Lot minimums between $291,000 and $440,000; total possible sales for lots $12,069,000
Vendor
WILLIAM SMITH PROPERTIES INC
Agency
Central Oregon Community College, OR
Contract Type
OTHER
Document Date
July 2, 2024
Renewal Info
This is the fifth amendment; maintains all previous terms unless superseded. Distribution of costs and sale proceeds set by new addendum.
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