Marana Unified District Awards Facilities Contract to Renew Development Holdco LLC (June 2022)
Marana Unified DistrictSchool · Marana, AZ- Disclosed value
- $10,000 signing bonus plus $15,000, $20,000, and $25,000 in option payments; Purchase Price $133,333 per acre (approximately $2,024,000 total)
- From option agreement
- Approved
- Jun 9, 2022
The 30-second brief
Marana Unified School District is granting Renew Development Holdco LLC an exclusive 36‑month option to purchase approximately 15 acres of district land near I‑10 for a battery-based electric power storage project. The agreement provides for a $10,000 signing bonus and escalating option payments totaling $60,000, with a purchase price of $133,333 per acre (about $2.024 million), contingent on required voter approval and statutory compliance.
Renew Development Holdco LLC holds this facilities contract with Marana Unified District. Its other public contracts on record include work for South Platte Valley Regional Transportation Authority and Public Utilities Commission of Nevada | State of Nevada.
Term as filed: Initial Option Term of 36 months from Effective Date, with automatic brief extension after Seller’s Expiration Notice; Memorandum of Option reflects 36‑month term.
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Contract details
- Contract type
- Facilities
- Amount
- $10,000 signing bonus plus $15,000, $20,000, and $25,000 in option payments; Purchase Price $133,333 per acre (approximately $2,024,000 total)
- Document date
- June 9, 2022
- Term
- Initial Option Term of 36 months from Effective Date, with automatic brief extension after Seller’s Expiration Notice; Memorandum of Option reflects 36‑month term
- Agency
- Marana Unified District
- Source document
- marana-unified-district-option-agreement-2022-06-09_01a.pdf (Option Agreement)
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Questions about this contract
Who was awarded the facilities contract by Marana Unified District?
Renew Development Holdco LLC was awarded this facilities contract by Marana Unified District, as recorded on June 9, 2022. The contract value is $10,000 signing bonus plus $15,000, $20,000, and $25,000 in option payments; Purchase Price $133,333 per acre (approximately $2,024,000 total).
How much is the Renew Development Holdco LLC contract with Marana Unified District worth?
The Renew Development Holdco LLC contract with Marana Unified District is valued at $10,000 signing bonus plus $15,000, $20,000, and $25,000 in option payments; Purchase Price $133,333 per acre (approximately $2,024,000 total), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a option agreement record.
Where was this contract approved?
This contract appears in marana-unified-district-option-agreement-2022-06-09_01a.pdf (Option Agreement), dated June 9, 2022 from Marana Unified District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Renew Development Holdco LLC hold?
Renew Development Holdco LLC 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 Marana Unified District currently buying?
Explore Marana Unified District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.