Modesto City Schools Facilities Lease Alberta Martone Elementary School June 2025
Lease-Leaseback Award for Alberta Martone Wellness Center
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Description
Modesto City Schools has entered into a lease-leaseback construction contract with a competitively selected developer for the Alberta Martone Elementary School Expanded Learning Wellness Center Building and Site Improvements Project. The contract includes preconstruction and construction phases with a final lease term of one year post-delivery, and a Guaranteed Maximum Price to be determined. The project delivers a new education facility through a public works structure authorized by CA Education Code 17406.
Contract Details
Contract Amount
To be determined upon preconstruction completion; includes not-to-exceed amount for preconstruction services and a Guaranteed Maximum Price (GMP) to be set
Vendor
[DEVELOPER]
Agency
Modesto City Elementary, CA
Contract Type
CONSTRUCTION
Document Date
June 23, 2025
Contract Term
One year lease term following project delivery and District acceptance; final term dates to be specified upon project completion; lease term may be extended or terminated earlier per contract conditions
Renewal Info
Lease term ends one year after acceptance or upon final payment. District has a purchase option during lease term by paying off remaining principal. Term extensions and amendments permitted under default, damage, or eminent domain clauses. Any contract modifications require written amendment. Lease may be renewed, extended, or terminated per specified conditions.
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san_benito_high_school_district_construction_provi.pdf
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