Major Lease-Leaseback Amendment for Melrose Academy Project
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Description
The Facilities Committee recommends Board approval of Amendment No. 1 to the lease-leaseback contract with Cahill Contractors LLC for the Melrose Leadership Academy at Maxwell Park, adding $34,947,788 and setting a total not-to-exceed amount of $35,047,788. The amendment establishes a Guaranteed Maximum Price and extends the project term to August 31, 2028 for new classroom construction and modernization.
Contract Details
Contract Amount
Additional $34,947,788.00 (total not-to-exceed $35,047,788.00)
Vendor
CAHILL CONTRACTORS LLC
Agency
Aspire Lionel Wilson College Preparatory Academy District, CA
Contract Type
CONSTRUCTION
Document Date
April 16, 2026
Contract Term
Extended from December 12, 2024 – December 31, 2025 to December 12, 2024 – August 31, 2028
Renewal Date
2028-08-31
Renewal Info
Amendment No. 1 increases the not-to-exceed amount to $35,047,788.00 and extends the contract term by 974 days to August 31, 2028; future renewal or amendment options are not described.
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Issuing Agency
School
Oakland, CA
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