Ground Lease Extension Approved for Neighborly Development LLC

COCC Board approved a fourth amendment to the ground lease agreement with Neighborly Development LLC, extending the due diligence period to February 15, 2027. The extension supports a planned housing project with market-rate and low-income units, reflecting the current real estate conditions.

Document date · February 11, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Due diligence period extended until February 15, 2027

Renewal date

2027-02-15

Renewal

Fourth amendment, following previous extensions. One-year extension; potential for future review if market conditions do not improve by mid-term.

Document type

Agenda

Source document

Central Oregon Community College Board of Directors Meeting Agenda February 2026

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Central Oregon Community College AgendaPacket Board of Directors Meeting 2026-10-14

PENDING

Central Oregon Community College, Oregon$1,756,250.00Oct 14, 2026

Central Oregon Community College AgendaPacket Board of Directors Meeting 2026-10-14

EXTENDED

Central Oregon Community College, OregonOct 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Central Oregon Community College?

Neighborly Development Llc was awarded this government contract by Central Oregon Community College, as recorded on February 11, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Central Oregon Community College Board of Directors Meeting Agenda February 2026 (Agenda), dated February 11, 2026 from Central Oregon Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Neighborly Development Llc hold?

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