Adds $68.4M for Overaa to build Phase III of the Roosevelt Middle School modernization
The district is adding $68,397,205 to its lease-leaseback construction contract with C. Overaa & Company, setting the Guaranteed Maximum Price for Phase III of the Roosevelt Middle School modernization. The cap rises from $7,014,345 to $75,411,550 and the end date moves from July 31, 2027 to September 30, 2029. The text says the amendment is within the Board-approved project budget.
Plain-English summary written by AI from the official text. AI summary · amounts checked against official text
- Vendor / partner
- C. Overaa & Company · Richmond, CA
- Action
- Amendment
- Category Categories and sub-categories are assigned by AI from each item's official text, using a fixed set of definitions. They can be wrong. How categories work
- School buildings & construction
- Term
- Aug 24, 2023 – Sep 30, 2029
- This vote
- $68,397,205
- Previous total
- $7,014,345
- New total
- $75,411,550
- 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
25-1275· agendaM.-4- Outcome
- Adopted on the General Consent Report, Jun 4, 2025
Official text
Approval by the Board of Education of Amendment No. 3, Lease-Leaseback Contract - by and between the District and C. Overaa & Company, Richmond, CA., to provide an amendment to include the Guaranteed Maximum Price (GMP) for Phase III construction services for the Roosevelt Middle School Modernization Project, in an additional amount of $68,397,205.00, increasing Agreement’s not-to-exceed amount from $7,014,345.00 to $75,411,550.00, and extending the term of the Agreement from August 24, 2023 through July 31, 2027 to September 30, 2029. All other terms and conditions of the Agreement remain in full force and effect*. --- * This Amendment is within the Board Approved allocated Project Budget.
History
- Adopted on the General Consent Report