OSU Construction Loan MOU Remains Under Review
California State University-Monterey BayHigher Ed · Seaside, CA- Disclosed value
- Approximately $12 million owed; $11.89 million stated in the 2026/27 budget
- From agendapacket
- Document date
- Oct 2, 2026
The 30-second brief
The Otter Student Union continues operating under an enrollment-linked repayment MOU with the University Corporation for an approximately $12 million construction loan. The board’s audit report noted that the written agreement and independent validation of its repayment terms remained outstanding.
University Corporation holds this financial services contract with California State University-Monterey Bay. Its other public contracts on record include work for California State University-Northridge and City of Los Angeles.
Term as filed: Enrollment-linked repayment arrangement; term not stated.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $12 million owed; $11.89 million stated in the 2026/27 budget
- Document date
- October 2, 2026
- Term
- Enrollment-linked repayment arrangement; term not stated
- Vendor
- University Corporation
- Source document
- Otter Student Union AgendaPacket Board of Directors Meeting 2026-10-02 (AgendaPacket)
University Corporation's other public contracts
More California State University-Monterey Bay contracts
Questions about this contract
Who was awarded the financial services contract by California State University-Monterey Bay?
University Corporation was awarded this financial services contract by California State University-Monterey Bay, as recorded on October 2, 2026. The contract value is Approximately $12 million owed; $11.89 million stated in the 2026/27 budget.
How much is the University Corporation contract with California State University-Monterey Bay worth?
The University Corporation contract with California State University-Monterey Bay is valued at Approximately $12 million owed; $11.89 million stated in the 2026/27 budget, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Otter Student Union AgendaPacket Board of Directors Meeting 2026-10-02 (AgendaPacket), dated October 2, 2026 from California State University-Monterey Bay. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does University Corporation hold?
University Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is California State University-Monterey Bay currently buying?
Explore California State University-Monterey Bay's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
