Town of Palisade Board of Trustees Agenda Packet 2026-05-26
Regional Prop 123 Housing Credit IGA With Grand Junction
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Description
Palisade plans to enter a regional intergovernmental agreement with Grand Junction, Fruita, and Mesa County to share affordable housing unit credits for Proposition 123 compliance. The agreement coordinates tracking and attribution of units through at least December 31, 2026 with automatic annual renewals thereafter.
Contract Details
Vendor
CITY OF GRAND JUNCTION
Agency
Town of Palisade, CO
Contract Type
OTHER
Document Date
May 25, 2026
Contract Term
Initial term through December 31, 2026, then auto‑renews annually while Proposition 123 unit counting is required
Renewal Date
2026-12-31
Renewal Info
Agreement effective for 2024–2026 three‑year cycle, automatically renewing on January 1 of each year thereafter for one‑year terms while unit counting is required, unless terminated by any party with 30 days’ written notice.
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