Merced College Awards Facilities Contract to Public Property Financing Corporation of California (October 2026)
Merced CollegeHigher Ed · Merced, CA- Disclosed value
- Lease Payments sufficient to pay principal and interest on Certificates with aggregate principal amount not to exceed $31,000,000
- From resolution
- Approved
- Oct 11, 2026
The 30-second brief
The Merced Community College District approved site-lease and lease-back arrangements with Public Property Financing Corporation of California to support financing for District capital projects. Lease payments will fund principal and interest on up to $31 million of Certificates of Participation.
Public Property Financing Corporation of California holds this facilities contract with Merced College. Its other public contracts on record include work for Antelope Valley College.
Term as filed: Less than 99 years; lease-back term not substantially less than the Site Lease term.
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Contract details
- Contract type
- Facilities
- Amount
- Lease Payments sufficient to pay principal and interest on Certificates with aggregate principal amount not to exceed $31,000,000
- Document date
- October 11, 2026
- Term
- Less than 99 years; lease-back term not substantially less than the Site Lease term
- Agency
- Merced College
- Source document
- Merced Community College District Resolution 2026 Certificates of Participation 2026-10-13 (Resolution)
Public Property Financing Corporation of California's other public contracts
More Merced College contracts
Questions about this contract
Who was awarded the facilities contract by Merced College?
Public Property Financing Corporation of California was awarded this facilities contract by Merced College, as recorded on October 11, 2026. The contract value is Lease Payments sufficient to pay principal and interest on Certificates with aggregate principal amount not to exceed $31,000,000.
How much is the Public Property Financing Corporation of California contract with Merced College worth?
The Public Property Financing Corporation of California contract with Merced College is valued at Lease Payments sufficient to pay principal and interest on Certificates with aggregate principal amount not to exceed $31,000,000, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Merced Community College District Resolution 2026 Certificates of Participation 2026-10-13 (Resolution), dated October 11, 2026 from Merced College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Public Property Financing Corporation of California hold?
Public Property Financing Corporation of California 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 Merced College currently buying?
Explore Merced College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.