OTHERAMENDED

Waterford School District Committee of the Whole Meeting Agenda May 2026

Board Considers Second Amendment with PH Homes

$675,000.00 purchase price; additional immediate non-refundable $7,500.00 (plus prior $15,000 and $25,000 deposits) applied to purchase priceWaterford School DistrictPH HOMES INCMay 7, 2026

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Description

The Waterford School District Board is asked to approve a Second Amendment to its Real Estate Purchase Agreement with PH Homes, Inc. for the $675,000 sale of a 12-acre parcel, extending the approvals deadline to July 21, 2026. The purchaser will make an additional immediate non-refundable $7,500 payment, supplementing prior deposits that will be credited to the purchase price if the sale closes.

Contract Details

Contract Amount

$675,000.00 purchase price; additional immediate non-refundable $7,500.00 (plus prior $15,000 and $25,000 deposits) applied to purchase price

Vendor

PH HOMES INC

Agency

Waterford School District, MI

Contract Type

OTHER

Document Date

May 7, 2026

Contract Term

Original agreement dated December 23, 2024; extension of time to secure governmental approvals through July 21, 2026

Renewal Date

2026-07-21

Renewal Info

Second Amendment to the December 23, 2024 Real Estate Purchase Agreement, following a First Amendment in January 2026 that granted additional time for governmental approvals. The current amendment further extends the time for governmental approvals to July 21, 2026; all other terms remain unchanged.