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oakland_university_board_of_trustees_minutes_april.pdf

Oakland University Approves $30M South Foundation Hall Project

$29,999,800Oakland UniversitySTATE BUILDING AUTHORITYApril 11, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Oakland University approved a construction and completion assurance agreement, a conveyance of property, a lease and an easement agreement for the Oakland University South Foundation Hall Project, costing $29,999,800. The maximum rental in any 12-month period would not exceed $2,453,000, and the lease term would not exceed 40 years.

Contract Details

Contract Amount

$29,999,800

Vendor

STATE BUILDING AUTHORITY

Agency

Oakland University, MI

Contract Type

Construction

Document Date

April 11, 2025

Contract Term

40 years

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