Council Defers GrandBridge Facilities Review Deadline

Cambridge City Council, acting as shareholder, approved GrandBridge Corporation’s request to defer its required Facilities Review until July 2, 2025. The review will involve an independent consultant assessing facility locations and operational efficiencies under the Merger Participation Agreement.

Document date · April 30, 2024

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Scope & details

The full contract record, as filed.

Contract type

CONSULTING

Contract term

Facilities Review to be completed by July 2, 2025 per deferred deadline

Renewal date

2025-07-02

Renewal

Article 6.3(f) of the Merger Participation Agreement mandates the hiring of an independent consultant within two years of the merger; this obligation has been formally deferred by shareholder approval to July 2, 2025.

Document type

AgendaPacket

Source document

Corporation of the City of Cambridge Council Meeting Addendum 2024-04-30

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the consulting contract by City of Cambridge?

Grandbridge Corporation was awarded this consulting contract by City of Cambridge, as recorded on April 30, 2024.

What type of contract is this?

This is a Consulting contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Corporation of the City of Cambridge Council Meeting Addendum 2024-04-30 (AgendaPacket), dated April 30, 2024 from City of Cambridge. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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