Lazear Charter Academy District Awards Facilities Contract to Islamic Center of Fremont Inc (September 2020)
Lazear Charter Academy DistrictSchool · Oakland, CA- Disclosed value
- Purchase Price Option One: $7,500,000.00; Purchase Price Option Two: $8,045,424.00; Deposit: $150,000.00; Independent Consideration: $100.00
- From contract
- Approved
- Sep 21, 2020
The 30-second brief
The Alameda County Office of Education approved a real property sale agreement with Islamic Center of Fremont, Inc. for the former Pathfinder School site in Fremont, with a purchase price of either $7.5 million or $8,045,424 depending on the elected payment option. The transaction includes escrow procedures, feasibility contingencies, and an option for installment payments secured by a promissory note running through April 1, 2026.
Islamic Center of Fremont Inc holds this facilities contract with Lazear Charter Academy District. Its other public contracts on record include work for Learning Without Limits District and Alameda County Office of Education.
Term as filed: Escrow to close no later than four (4) months after September 21, 2020; installment schedule under Option Two runs from March 31, 2021 through April 1, 2026.
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Contract details
- Contract type
- Facilities
- Amount
- Purchase Price Option One: $7,500,000.00; Purchase Price Option Two: $8,045,424.00; Deposit: $150,000.00; Independent Consideration: $100.00
- Document date
- September 21, 2020
- Term
- Escrow to close no later than four (4) months after September 21, 2020; installment schedule under Option Two runs from March 31, 2021 through April 1, 2026
- Source document
- lazear-charter-academy-districtcontract2020-09-21_579.pdf (Contract)
Islamic Center of Fremont Inc's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Lazear Charter Academy District?
Islamic Center of Fremont Inc was awarded this facilities contract by Lazear Charter Academy District, as recorded on September 21, 2020. The contract value is Purchase Price Option One: $7,500,000.00; Purchase Price Option Two: $8,045,424.00; Deposit: $150,000.00; Independent Consideration: $100.00.
How much is the Islamic Center of Fremont Inc contract with Lazear Charter Academy District worth?
The Islamic Center of Fremont Inc contract with Lazear Charter Academy District is valued at Purchase Price Option One: $7,500,000.00; Purchase Price Option Two: $8,045,424.00; Deposit: $150,000.00; Independent Consideration: $100.00, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a contract record.
Where was this contract approved?
This contract appears in lazear-charter-academy-districtcontract2020-09-21_579.pdf (Contract), dated September 21, 2020 from Lazear Charter Academy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Islamic Center of Fremont Inc hold?
Islamic Center of Fremont Inc 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 Lazear Charter Academy District currently buying?
Explore Lazear Charter Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.