Central Oregon Community College Board of Directors Meeting Agenda February 2026
Ground Lease Extension Approved for Neighborly Development LLC
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Description
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.
Contract Details
Vendor
NEIGHBORLY DEVELOPMENT LLC
Agency
Central Oregon Community College, OR
Contract Type
OTHER
Document Date
February 11, 2026
Contract Term
Due diligence period extended until February 15, 2027
Renewal Date
2027-02-15
Renewal Info
Fourth amendment, following previous extensions. One-year extension; potential for future review if market conditions do not improve by mid-term.
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