PROFESSIONAL_SERVICESAMENDED

Ashland School Board Work Session Agenda April 2026

District amends ENA with Edlen & Co. for housing project

Extension deposit of $5,000 as a promissory note (to be credited against ground lease payments, purchase price, or other amounts under the DDA)Ashland School District 5EDLEN & CO. DEVELOPMENT LLCApril 30, 2026

Trusted by teams at

Description

Ashland School District approved the first amendment to its Exclusive Negotiating Agreement with Edlen & Co. Development, LLC for the Ashland Attainable Housing Project, effective April 22, 2026. The amendment clarifies that childcare is optional, establishes a mutual option process for potential childcare use, and revises DDA timing with a $5,000 extension deposit creditable against future payments.

Contract Details

Contract Amount

Extension deposit of $5,000 as a promissory note (to be credited against ground lease payments, purchase price, or other amounts under the DDA)

Vendor

EDLEN & CO. DEVELOPMENT LLC

Agency

Ashland School District 5, OR

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 30, 2026

Contract Term

Exclusive Negotiating Agreement dated July 22, 2025, as amended April 22, 2026; initial six-month Negotiating Period plus up to three 3‑month extension options

Renewal Info

Negotiating Period under the ENA consists of an initial six‑month term from execution plus up to three optional three‑month extensions exercisable by the Developer via written notice; a $5,000 non‑refundable extension deposit promissory note is required with the first extension and is creditable against amounts due under the future DDA. ENA otherwise continues in full force as amended by this First Amendment.