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central-oregon-community-college-agenda-2024-07-02_2e8.pdf

COCC & WSPI Amend Development Deal for Outcrop Phase 2

Up to $2,300,000 from COCC for infrastructure; individual Outcrop Lot minimums between $291,000 and $440,000; total possible sales for lots $12,069,000Central Oregon Community CollegeWILLIAM SMITH PROPERTIES INCJuly 2, 2024

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TerraCycle logo
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Derivita logo
Comcate logo
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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This is the fifth amendment; maintains all previous terms unless superseded.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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