downingtown_area_board_of_education_meeting_agenda.pdf
Second Amendment Approved to Rockwell Siemens Property Sale
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Description
The board approved a second amendment to the $3,000,000 land sale agreement with Rockwell for the Siemens property, adding incentives for an accelerated closing in exchange for a reduced sale price offset by increased investment earnings. The amendment applies solely to a residential development project.
Contract Details
Contract Amount
$3,000,000.00
Vendor
ROCKWELL
Agency
Downingtown Area SD, PA
Contract Type
FACILITIES
Document Date
November 12, 2025
Renewal Info
Amendment #2 modifies timing and pricing terms of the existing November 14, 2024 land sale agreement with Rockwell for the Siemens property; further changes would require additional amendments.
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