CONSTRUCTIONAWARDED

modesto_city_schools_facilities_lease_with_develop.pdf

Lease-Leaseback Construction Contract Awarded for Rose Avenue Project

Not to exceed [AMOUNT IN WORDS] DOLLARS ($[AMOUNT IN NUMBERS]) (preconstruction); Guaranteed Maximum Price (GMP) for construction phase as listed in Exhibit CModesto City Elementary[NAME OF DEVELOPER]June 23, 2025

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Description

Modesto City Schools awarded a lease-leaseback contract to a Developer for design and construction of the Rose Avenue Elementary Wellness Center and site upgrades. The agreement includes preconstruction services not to exceed a board-approved amount, and a construction phase governed by a guaranteed maximum price.

Contract Details

Contract Amount

Not to exceed [AMOUNT IN WORDS] DOLLARS ($[AMOUNT IN NUMBERS]) (preconstruction); Guaranteed Maximum Price (GMP) for construction phase as listed in Exhibit C

Vendor

[NAME OF DEVELOPER]

Agency

Modesto City Elementary, CA

Contract Type

CONSTRUCTION

Document Date

June 23, 2025

Contract Term

Preconstruction: Notice to Proceed until Board-approved lease amendment or termination; Construction: [days in words] ([days in numbers]) calendar days after lease execution, per actual schedule and acceptance.

Renewal Info

Term may be extended or shortened by mutual written agreement or based on completion, default, or exercise of purchase options. Payment/lease term one year after project delivery or final lease payment.