Adds $3.34M to Overaa's Roosevelt Middle School modernization lease-leaseback contract

The district adds $3,342,458 to its lease-leaseback contract with Overaa Construction, a construction contracting method where the district leases the site to the builder and leases it back. The amendment sets the price for phase II of the Roosevelt Middle School modernization, including contingency allowances. The limit rises from $3,671,887 to $7,014,345.

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

Vendor / partner: Overaa Construction · Richmond, CA
Action: Amendment
Category: School buildings & construction
This vote: $3,342,458
Previous total: $3,671,887
New total: $7,014,345
Schools: Roosevelt Middle School
Funding: Fund 21 Building Fund Measure Y
Resource / site: 9657 212
Vendor no.: 009061
Presented by: Deputy Chief, Facilities Planning and Management
File: 24-2538 · agenda M.-8
Outcome: Adopted on the General Consent Report, Nov 13, 2024

Official text

Approval by the Board of Education of Amendment No. 2, (Award of a) Lease-Leaseback Contract by and between the District and Overaa Construction, Richmond, CA, “… amending the price to the total sublease amount for phase II and schedule of sublease payments which includes allowances: a contractor's contingency, and a District's contingency as stated in the initial Agreement an Amendment will be submitted for the total sublease price for each construction phase, as described in the Amendment to Lease Leaseback sublease attached to this Amendment as Exhibit A”, incorporated herein by reference as though fully set forth, for the Roosevelt Middle School Modernization Project, in an additional amount of $3,342,458.00, increasing Agreement not-to-exceed amount from $3,671,887.00 to $7,014,345.00. All other terms and conditions of the Agreement remain in full force and effect.

History

Nov 13, 2024 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.