PROFESSIONAL_SERVICESAMENDED

Ashland School District and Edlen & Co. Development First Amendment to ENA April 2026

Ashland Schools Amends ENA With Edlen & Co. Development

Extension deposit of $5,000 (credited to future ground lease payments, purchase price, or other amounts under DDA)Ashland School District 5EDLEN & CO. DEVELOPMENT LLCApril 22, 2026

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Description

Ashland School District approved a First Amendment to its Exclusive Negotiating Agreement with Edlen & Co. Development, LLC for the Ashland Attainable Housing Project, clarifying childcare is optional and revising timing and financial terms for extending the negotiating period. The amendment introduces a $5,000 non‑refundable extension deposit credited to future lease or purchase payments and confirms that all other ENA terms remain in effect.

Contract Details

Contract Amount

Extension deposit of $5,000 (credited to future ground lease payments, purchase price, or other amounts under DDA)

Vendor

EDLEN & CO. DEVELOPMENT LLC

Agency

Ashland School District 5, OR

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 22, 2026

Contract Term

Original ENA negotiating period of six (6) months with up to three (3) additional three-month extension options exercisable by Developer

Renewal Info

Negotiating Period under the ENA consists of an initial six‑month term plus up to three separate three‑month extensions at Developer’s option, triggered by written Extension Notices; the first extension requires a $5,000 non‑refundable Extension Deposit that is later credited under the DDA along with any Good Faith Deposit.