Town of Granby Board of Trustees Meeting Agenda Packet March 2026
Summit Housing Group Land Purchase Agreement for Nuche Village
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Description
Granby is considering approval of a Purchase and Assumption Agreement with Summit Housing Group for the Nuche Village apartment land, including Prop 123 loan assumption and reimbursement of roughly $3.5 million in Town project costs. Closing is targeted on or before June 9, 2026, subject to due diligence and income restrictions.
Contract Details
Contract Amount
Approximately $3.5 million reimbursement (exact amount to be finalized)
Vendor
SUMMIT HOUSING GROUP
Agency
Town of Granby, MN
Contract Type
OTHER
Document Date
March 24, 2026
Contract Term
Closing on or before June 9, 2026, with approximately 90-day closing period
Renewal Date
2026-06-09
Renewal Info
Purchase and Assumption Agreement for a one-time land transfer with conditions precedent; no renewals contemplated. Closing expected within approximately 90 days once conditions are met, on or before June 9, 2026.
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AWARDEDMore from Town of Granby
Town of Granby Agenda 2026-06-09
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Town of Granby Board of Trustees Agenda Packet 2026-06-09
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