PROFESSIONAL_SERVICESONGOING

Merced College signs predevelopment deal for Campus Edge

Merced College entered into a predevelopment agreement with Legacy Realty & Development, LLC for the Campus Edge Mixed Use Development Project. The developer will perform due diligence, design, entitlement, financing, and community engagement services during a 365-day exclusive Pre-Development Period in exchange for negotiation rights and use of a $45,000 good faith deposit to offset College costs. The agreement is a precursor to negotiating a potential Lease Disposition and Development Agreement and long-term ground lease but does not itself commit the College to proceed with construction.

Document date · May 13, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$45,000 Good Faith Deposit (plus up to two (2) times the Good Faith Deposit reimbursable on certain terminations)
Contract type
PROFESSIONAL_SERVICES
Contract term
Pre-Development Period of 365 days from Effective Date, with up to one 180-day extension by mutual amendment
Renewal date
2026-05-13
Renewal
Initial Pre-Development Period is 365 days from the Effective Date, with an optional extension of up to 180 days upon College approval, execution of an amendment, and payment of an additional Extension Deposit by the Developer.
Document type
Agreement
Source document
Merced College Agreement Predevelopment Agreement for the Campus Edge Mixed Use Development Project 2025-05-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Merced College?

Legacy Realty & Development Llc was awarded this professional services contract by Merced College, as recorded on May 13, 2025. The contract value is $45,000 Good Faith Deposit (plus up to two (2) times the Good Faith Deposit reimbursable on certain terminations).

How much is the Legacy Realty & Development Llc contract with Merced College worth?

The Legacy Realty & Development Llc contract with Merced College is valued at $45,000 Good Faith Deposit (plus up to two (2) times the Good Faith Deposit reimbursable on certain terminations), covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Merced College Agreement Predevelopment Agreement for the Campus Edge Mixed Use Development Project 2025-05-13 (Agreement), dated May 13, 2025 from Merced College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Legacy Realty & Development Llc hold?

Legacy Realty & Development 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.

View Legacy Realty & Development Llc's profile

What is Merced College currently buying?

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