Housing Authority Rejects IndiBuild Ground Lease Option

Scope & details

The full contract record, as filed.

Contract amount

$2,000 initial option payment (with escalating renewal payments)

Contract type

FACILITIES

Contract term

Initial option tied to 2026 LIHTC application cycle, with up to four annual renewals at FHA’s discretion

Renewal

Draft option allowed up to four one-year renewals, each requiring higher payments and FHA consent, and would have led to a 50-year ground lease if LIHTC funding was awarded; however, the agreement was not approved.

Document type

Agenda

Source document

City of Fruita City Council Regular Meeting Agenda February 2026

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City of Fruita Agenda City Council Regular Meeting 2026-08-04

PENDING

City of Fruita, ColoradoAug 2, 2026

City of Fruita City Council Agenda February 3 2026

REJECTED

City of Fruita, Colorado$2,000 upon execution, plus option renewal paymentsFeb 3, 2026

Fruita City Council Minutes January 2026

APPROVED

City of Fruita, ColoradoOption payments (undisclosed) per Ground Lease Option AgreementJan 6, 2026

fruita_city_council_regular_meeting_agenda_decembe.pdf

APPROVED

City of Fruita, Colorado$2,000 option payment (with up to $16,500 total for all extensions); $150,000 upfront lease payment (for first 15 years of lease)Dec 16, 2025

Fruita City Council Minutes December 2025

REJECTED

City of Fruita, Colorado$2,000 (option payment per term, plus increases for renewals)Dec 16, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Fruita?

Indibuild Llc was awarded this facilities contract by City of Fruita, as recorded on February 3, 2026. The contract value is $2,000 initial option payment (with escalating renewal payments).

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 initial option payment (with escalating renewal payments), covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Fruita City Council Regular Meeting Agenda February 2026 (Agenda), dated February 3, 2026 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.

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