OTHERAPPROVED

BCHA Acquires Interest in Spine Road Affordable Apartments

The Boulder County Housing Authority approved the acquisition of a special limited member interest in Spine Road Affordable Apartments from Koelbel and Company, including various associated payments and long-term duties. The agreement entails a 20-year compliance period and administrative, tax, and annual monitoring fees.

Document date · October 14, 2025

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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
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Scope & details

The full contract record, as filed.

Contract amount
$10 capital contribution, plus $15,000 administrative fee and $149,000 payment-in-lieu-of-taxes fee, $1,000 annual compliance fee
Contract type
OTHER
Contract term
20-year minimum compliance period, annual fees; option to purchase after compliance period; closing in 2025
Renewal date
2046-12-31
Renewal
BCHA remains a member for 20 years post-loan conversion; annual compliance fee; purchase option after compliance; administrative and PILT fees at closing.
Document type
Agenda
Source document
Boulder County Board of County Commissioners Meeting Agenda October 14 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Boulder County?

Koelbel & Company was awarded this government contract by Boulder County, as recorded on October 14, 2025. The contract value is $10 capital contribution, plus $15,000 administrative fee and $149,000 payment-in-lieu-of-taxes fee, $1,000 annual compliance fee.

How much is the Koelbel & Company contract with Boulder County worth?

The Koelbel & Company contract with Boulder County is valued at $10 capital contribution, plus $15,000 administrative fee and $149,000 payment-in-lieu-of-taxes fee, $1,000 annual compliance fee.

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 Boulder County Board of County Commissioners Meeting Agenda October 14 2025 (Agenda), dated October 14, 2025 from Boulder County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Koelbel & Company hold?

Koelbel & Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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