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File #: 18-2166    Version: 1 Name: Amendment No. 2, Facilities Lease-Leaseback Agreement - Overaa/Tulum/Eclipse Joint Venture - The Center at Foster Elementary School Project
Type: Agreement or Contract Status: Passed
File created: 10/24/2018 In control: Chief Academic Officer
On agenda: Final action: 10/24/2018
Enactment date: 10/24/2018 Enactment #: 18-1628
Title: Approval by the Board of Education of Amendment No. 2, Facilities Lease-Leaseback Agreement, for the Center at Foster Elementary School Project, between District and Overaa/Tulum/Eclipse JV, Oakland, CA, amending paragraphs 2.1.9 and 2.4.3 of Exhibit C to the Facilities Lease, adding an Owner's Contingency of One Million Eight Hundred Forty Thousand Seven Hundred and Four Dollars ($1,840,704.00) and, as a results of the added Owner's Contingency, the Maximum Guaranteed Price of the Agreement is increased by same amount, from $43,003,331.00 to $44,844,035.00. All other terms and conditions of the Agreement remain in full force and effect.
Attachments: 1. 18-2166 Amendment No. 2, Facilities Lease-Leaseback Agreement - Overaa/Tulum/Eclipse Joint Venture - The Center at Foster Elementary School Project
Related files: 18-0089, 17-1825
Contact: timothy.white@ousd.org

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Approval by the Board of Education of Amendment No. 2, Facilities Lease-Leaseback Agreement, for the Center at Foster Elementary School Project, between District and  Overaa/Tulum/Eclipse JV, Oakland, CA, amending paragraphs  2.1.9 and 2.4.3 of Exhibit C to the Facilities Lease, adding an Owner's Contingency of One Million Eight Hundred Forty Thousand Seven Hundred and Four Dollars ($1,840,704.00) and, as a results of the added Owner’s Contingency, the Maximum Guaranteed Price of the Agreement is increased by same amount, from $43,003,331.00 to $44,844,035.00. All other terms and conditions of the Agreement remain in full force and effect.