Calvo signs-off on first amendment for CoreTech deal - KUAM.com-KUAM News: On Air. Online. On Demand.

Calvo signs-off on first amendment for CoreTech deal

by Krystal Paco

Guam - As of January 16, Governor Eddie Calvo has signed off on the first amendment of the CoreTech purchase agreement. The first amendment prohibits construction of new facilities including a gym, office, and two warehouses until June 30, 2014 as well as allows GovGuam the right to terminate this clause...

This means GovGuam has only purchased buildings currently occupied by Untalan Middle School, two buildings occupied by Guahan Academy Charter School, and an additional building for the relocation of DOE Central offices to Tiyan totaling $160 million after insurance and maintenance.

The amendment reiterates Calvo's six-month timeline he's given to lawmakers to determine how best to proceed as well as finance any additional construction.

Signing off on the amendment is CoreTech CEO Conchita Bathan, the AG's Office, GEDA, and BBMR.

As we've been reporting, the CoreTech purchase was necessary to relieve overcrowding at George Washington High School as well as evade eviction for the charter school who have been operating without a lease in place.

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