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Hermosa Beach school board adopts lease-leaseback selection criteria for Hermosa Valley modernization
Summary
After a detailed presentation on construction delivery methods, the Hermosa Beach City School District board approved a resolution setting competitive, best-value criteria to solicit lease-leaseback partners for the Hermosa Valley modernization project.
The Hermosa Beach City School District Board of Education on Wednesday approved a resolution establishing standardized selection criteria to use a lease-leaseback delivery method for the Hermosa Valley modernization project.
The decision follows a 50-minute presentation by construction consultant Alan Rising that compared delivery methods and described legal and procurement safeguards. Rising told the board, "I routinely tell folks that there's no 1 perfect delivery method," and explained why lease-leaseback can reduce change orders and improve early cost transparency when properly administered.
The board's action establishes a competitive best-value solicitation for lease-leaseback partners rather than a no-bid award. Rising and staff emphasized compliance with…
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