Modesto City Schools Facilities Lease Rose Avenue Elementary School June 2025
Facilities Lease Awarded for Rose Avenue Wellness Center
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Description
Modesto City Schools awarded a facilities lease to [Developer], a California corporation, for the design, construction, and lease-back of the Rose Avenue Elementary School Expanded Learning Wellness Center and Site Improvements Project by competitive process. The preconstruction phase will be compensated up to a not-to-exceed amount, with a Guaranteed Maximum Price to be set after design. The District will lease back the completed project for one year after acceptance or until the final lease payment is made.
Contract Details
Contract Amount
Guaranteed Maximum Price (GMP) – Amount to be determined after preconstruction services are completed; Preconstruction Services: not to exceed [AMOUNT IN WORDS] DOLLARS ($[AMOUNT IN NUMBERS])
Vendor
[DEVELOPER]
Agency
Modesto City Elementary, CA
Contract Type
CONSTRUCTION
Document Date
June 23, 2025
Contract Term
Construction schedule to be determined; Lease term: one (1) year after District accepts completed project and executes Memorandum of Commencement Date, or upon payment of final lease payment
Renewal Info
The term may be extended or shortened based on events such as early termination, District purchase option, eminent domain, or damage. Changes to the GMP may be made via mutually agreed change orders to reflect project modifications, unused allowances, or project savings. Early District purchase can terminate the lease.
More from [DEVELOPER]
Related Contracts
san_benito_high_school_district_construction_provi.pdf
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