Town to lease access area to 351 W 8th LLC

The Town of Palisade is preparing a ground lease with 351 W 8th LLC to allow access and customer parking across Town-owned land between Highway 6 and the TerraVin Cellars property. The long-term lease features nominal rent and assigns full responsibility to the lessee for improvements, maintenance, and insurance coverage.

Scope & details

The full contract record, as filed.

Contract amount

$10.00 rent for initial 15-year term and $10.00 for any 5-year renewal term (shared with 349 W 8th LLC under same lease)

Contract type

FACILITIES

Contract term

August 1, 2026 – August 1, 2041 initial term, with one additional five-year renewal option

Renewal date

2046-08-01

Renewal

Lease runs from August 1, 2026, to August 1, 2041, with a single option to renew for an additional five years at the same nominal rent, contingent on the lessee not being in default and providing written renewal notice at least 60 days before term end.

Document type

AgendaPacket

Source document

Town of Palisade AgendaPacket Regular Board of Trustees Meeting 2026-07-28

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Town of Palisade?

351 W 8th Llc was awarded this facilities contract by Town of Palisade, as recorded on July 26, 2026. The contract value is $10.00 rent for initial 15-year term and $10.00 for any 5-year renewal term (shared with 349 W 8th LLC under same lease).

How much is the 351 W 8th Llc contract with Town of Palisade worth?

The 351 W 8th Llc contract with Town of Palisade is valued at $10.00 rent for initial 15-year term and $10.00 for any 5-year renewal term (shared with 349 W 8th LLC under same lease), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Palisade AgendaPacket Regular Board of Trustees Meeting 2026-07-28 (AgendaPacket), dated July 26, 2026 from Town of Palisade. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 351 W 8th Llc hold?

351 W 8th Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View 351 W 8th Llc's profile

What is Town of Palisade currently buying?

Explore Town of Palisade's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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