CONTRACTPENDING

Zerger Property Sale Set Pending with Cardel Homes

Jefferson County School District R-1 logoJefferson County School District R-1
Disclosed value
$1,260,000 / $45,000 per lot (final price dependent on number of lots approved during entitlements), 28 lot minimum
From report
Document date
Jun 5, 2024

The 30-second brief

What it covers

Jefferson County Public Schools plans to sell the Zerger school property to Cardel Homes for at least $1,260,000, price contingent on entitlements and specific contingencies. Agreement terms include 90-day due diligence, up to 545 days for government approval, and a thirty-day closing window post-approvals.

Who holds it

Cardel Homes holds this contract with Jefferson County School District R-1. Its other public contracts on record include work for Town of Castle Rock and Arvada Housing Authority.

What happens next

Term as filed: Earnest money: $50,000; Inspection/Due Diligence Period: 90 days; Entitlement Period: 365 days from end of inspection plus possible 180-day extension for $25,000; Closing: Thirty (30) days following the expiration of the government approvals.

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Contract details

Amount
$1,260,000 / $45,000 per lot (final price dependent on number of lots approved during entitlements), 28 lot minimum
Document date
June 5, 2024
Term
Earnest money: $50,000; Inspection/Due Diligence Period: 90 days; Entitlement Period: 365 days from end of inspection plus possible 180-day extension for $25,000; Closing: Thirty (30) days following the expiration of the government approvals
Source document
jefferson-county-school-district-r-1report2024-06-05_b3b.pdf (Report)

Cardel Homes's other public contracts

More Jefferson County School District R-1 contracts

Questions about this contract

Who was awarded the government contract by Jefferson County School District R-1?

Cardel Homes was awarded this government contract by Jefferson County School District R-1, as recorded on June 5, 2024. The contract value is $1,260,000 / $45,000 per lot (final price dependent on number of lots approved during entitlements), 28 lot minimum.

How much is the Cardel Homes contract with Jefferson County School District R-1 worth?

The Cardel Homes contract with Jefferson County School District R-1 is valued at $1,260,000 / $45,000 per lot (final price dependent on number of lots approved during entitlements), 28 lot minimum.

What type of contract is this?

This is a government contract, documented as a report record.

Where was this contract approved?

This contract appears in jefferson-county-school-district-r-1report2024-06-05_b3b.pdf (Report), dated June 5, 2024 from Jefferson County School District R-1. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cardel Homes hold?

Cardel Homes 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 Jefferson County School District R-1 currently buying?

Explore Jefferson County School District R-1's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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