West Covina Unified School District Agenda 2026-06-09
District Amends $46 Million Del Norte Property Sale
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Description
The district approved a Third Amendment to its purchase and sale agreement with MLC Holdings Inc. for the Del Norte Street property, setting a modified purchase price of $46 million with staged payments. The amendment requires $30 million at transfer of the property and the remaining balance by the grading permit stage or January 15, 2027, contingent on closing by August 31, 2026.
Contract Details
Contract Amount
Purchase price $46,000,000; $30,000,000 at transfer, balance by earlier of grading permit or 2027-01-15
Vendor
MLC HOLDINGS INC
Agency
West Covina Unified, CA
Contract Type
FACILITIES
Document Date
June 9, 2026
Contract Term
Close of escrow on or before August 31, 2026; second payment due by grading permit stage or January 15, 2027
Renewal Date
2027-01-15
Renewal Info
Original agreement approved May 6, 2024; First Amendment dated January 13, 2026, and Second Amendment dated March 10, 2026 extended escrow. Third Amendment revises price and payment structure and adds security instruments.
More from MLC HOLDINGS INC
Related Contracts
West Covina Unified School District Regular Meeting Agenda March 2026
AMENDEDWest Covina Unified School District Regular Meeting Agenda March 2026
AMENDEDAliso Viejo City Council Agenda January 2026
APPROVEDWest Covina USD Regular Meeting Agenda January 2026
AMENDEDaliso_viejo_city_council_regular_meeting_agenda_de.pdf
PENDINGMore from West Covina Unified
West Covina Unified School District Agenda 2026-06-09
West Covina Unified School District Agenda 2026-06-09
West Covina Unified School District Agenda 2026-06-09
West Covina Unified School District Agenda 2026-06-09
West Covina Unified School District Agenda 2026-06-09
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