Awards Overaa Construction up to $49M to modernize Roosevelt Middle School

Overaa Construction will provide preconstruction and construction services for the Roosevelt Middle School Modernization Project under a lease-leaseback agreement, a contracting method in which the builder is paid through lease payments. Work is scheduled to start August 24, 2023 and end when the final payment is due, estimated for December 31, 2027. The Facilities Committee recommended the award.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Vendor / partner: Overaa Construction · Richmond, CA
Action: New agreement
Category: School buildings & construction
Term: Aug 24, 2023 – Dec 31, 2027
This vote: $49,000,000
Schools: Roosevelt Middle School
Funding: Fund 21 Building Fund Measure Y
Resource / site: 9655 212
Vendor no.: 003224
Presented by: Board of Education
File: 23-1386 · agenda U.-1
Outcome: Adopted on the General Consent Report, Aug 23, 2023

Official text

Approval by the Board of Education, upon recommendation by the Facilities Committee, of the Award of a Lease-Leaseback Agreement by and between the District and Overaa Construction, Richmond, CA, for the latter to provide preconstruction and construction services, as described in the Scope of Work, incorporated herein by reference as though fully set forth, for the Roosevelt Middle School Modernization Project, in an amount not to exceed $49,000,000.00 with work scheduled to commence on August 24, 2023, and automatically ends on the date that the final Sublease Payment is due (estimated to be December 31, 2027),

History

Jun 15, 2023 Not Discussed and/or Taken Up (Facilities Committee)
Aug 17, 2023 Recommended Favorably (Facilities Committee)
Aug 23, 2023 Adopted on the General Consent Report

This is an independent project created to provide transparency to the OUSD Community, and is not affiliated with Oakland Unified District. All data used to create the Consent Report Tracker is made public by Legistar, OUSD's official platform for posting legislative records. Plain-English summaries are written by AI with narrow parameters based upon the official text of the reports. Read about how all this works.