Town of Frisco AgendaPacket 2026-06-09
Frisco approves 99‑year ground lease for West Main
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Description
The Town of Frisco Council approved an Amended and Restated 101 West Main Ground Lease with West Main Apartments LLLP, granting a 99‑year leasehold interest at 101 West Main Street. The agreement enables construction and long‑term operation of a 52‑unit LIHTC affordable housing development subject to multiple regulatory covenants.
Contract Details
Vendor
WEST MAIN APARTMENTS LLLP
Agency
Town of Frisco, CO
Contract Type
FACILITIES
Document Date
June 9, 2026
Contract Term
Commencing Effective Date in June 2026, terminating day before 99th anniversary of first full calendar month (99‑year ground lease)
Renewal Date
2125-06-30
Renewal Info
Long-term 99‑year ground lease commencing June 2026; no automatic renewals are specified in the excerpt. Any future extension would require further agreement by the Town and tenant.
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