FACILITIESPENDING

District Plans Lease-Leaseback With MRCA For Fireworks Hill

Conejo Recreation & Park District proposes to execute a Site Lease and Lease Agreement with the Mountains Recreation and Conservation Authority to structure a lease-leaseback financing for the Fireworks Hill property, with lease payments matching approximately $15.15 million of debt service. MRCA will serve as a conduit lessor and will assign lease payment rights to the lender while the District secures long-term control of its headquarters and surrounding open space.

Document date · June 3, 2026

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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

Scope & details

The full contract record, as filed.

Contract amount
Approximately $15,150,000 in lease-leaseback financing proceeds (total Fireworks Hill acquisition $30.55 million funded from multiple sources)
Contract type
FACILITIES
Contract term
Approximately 20-year lease-leaseback term, final maturity July 1, 2046
Renewal date
2046-07-01
Renewal
Lease-leaseback amortizes over approximately 20 years with provisions for prepayment aligned to lender term sheet; annual lease payment obligation subject to annual budget appropriation by the Board.
Document type
StaffReport
Source document
Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Conejo Recreation And Park District?

Mountains Recreation & Conservation Authority Mrca was awarded this facilities contract by Conejo Recreation And Park District, as recorded on June 3, 2026. The contract value is Approximately $15,150,000 in lease-leaseback financing proceeds (total Fireworks Hill acquisition $30.55 million funded from multiple sources).

How much is the Mountains Recreation & Conservation Authority Mrca contract with Conejo Recreation And Park District worth?

The Mountains Recreation & Conservation Authority Mrca contract with Conejo Recreation And Park District is valued at Approximately $15,150,000 in lease-leaseback financing proceeds (total Fireworks Hill acquisition $30.55 million funded from multiple sources), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04 (StaffReport), dated June 3, 2026 from Conejo Recreation And Park District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mountains Recreation & Conservation Authority Mrca hold?

Mountains Recreation & Conservation Authority Mrca may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Mountains Recreation & Conservation Authority Mrca's profile

What is Conejo Recreation And Park District currently buying?

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