OTHERAPPROVED

Fruita Housing Authority Approves Ground Lease Option for Indibuild Housing Project

The Fruita Housing Authority approved a Ground Lease Option Agreement with Indibuild LLC for development of at least 40 affordable rental units at 1130 and 1138 18 1/2 Road. Indibuild has an exclusive option to enter a 50-year ground lease, with extension terms and option payments applied toward upfront rent.

Status
APPROVED
Document date
December 16, 2025
Contract type
OTHER
Vendor
Indibuild Llc
Agency
City of Fruita · CO

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,000 option payment (with up to $16,500 total for all extensions); $150,000 upfront lease payment (for first 15 years of lease)
Contract type
OTHER
Contract term
Option through Dec 31, 2027 (with possible extensions to Dec 31, 2030); Ground lease: 50 years with 20-year extension option
Renewal date
2030-12-31
Renewal
Initial option through Dec 31, 2027, extendable annually through 2030 with additional payments and actions. Upon exercise, triggers a 50-year lease with one 20-year renewal. Option payments credited to first lease period. Lease terms set in formal agreement post-exercise.
Document type
Agenda
Source document
fruita_city_council_regular_meeting_agenda_decembe.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Fruita?

Indibuild Llc was awarded this government contract by City of Fruita, as recorded on December 16, 2025. The contract value is $2,000 option payment (with up to $16,500 total for all extensions); $150,000 upfront lease payment (for first 15 years of lease).

How much is the Indibuild Llc contract with City of Fruita worth?

The Indibuild Llc contract with City of Fruita is valued at $2,000 option payment (with up to $16,500 total for all extensions); $150,000 upfront lease payment (for first 15 years of lease).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in fruita_city_council_regular_meeting_agenda_decembe.pdf (Agenda), dated December 16, 2025 from City of Fruita. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Indibuild Llc hold?

Indibuild 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 Indibuild Llc's profile

What is City of Fruita currently buying?

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

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