money

2022 CCUSD Brookwood Real Estate Advisory Contract

2022-11-082022-2023Board-approved contract documented by CCUSD meeting records

Culver City Unified School District approved a Brookwood real-estate advisory contract in November 2022. At the May 9, 2023 Board meeting, district staff described the previously approved contract as $480,000 and explained that a $180,000 open purchase order was setting aside funds under the same contract rather than issuing a single $180,000 payment.

Professional services contractDirect CCUSD meeting transcript and current Rivercrest project documentation

Record Details

Board Approval Date

2022-11-08

Contract Not To Exceed Or Reported Value

480000

Open Purchase Order Discussed 2023 05 09

180000

Purchase Order Explanation

Funds set aside under the existing contract; paid as services are used

Historical Vendor Name

Brookwood

Current Firm Name

Rivercrest Partners

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Financial Relationship

CCUSD staff stated in May 2023 that the Board had approved a $480,000 Brookwood contract in November 2022; a $180,000 open purchase order represented funds set aside under that same contract and was payable as services were used, not a single $180,000 check.

Amount

$480,000 board-approved contract

Amounts

$480,000 board-approved contract$180,000 open purchase order discussed May 9, 2023

Record Notes

The May 9, 2023 CCUSD archived transcript is a near-primary source in which district staff state that the Board approved the Brookwood contract for $480,000 in November 2022 and clarify the $180,000 open purchase order. The November 8, 2022 archived transcript separately records Superintendent Quoc Tran recommending Brookwood after comparing Brookwood and Cordoba and board approval of the Brookwood agreement. Automatic transcript speaker labels are not sufficiently reliable to assign the selection to individual trustees without clearer official minutes. Rivercrest Partners is documented by the California School Boards Association as formerly Brookwood Partners.

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