CONTRACTPENDING

Council reviews Engine House affordable housing ground lease

Document date: Jun 22, 2023

What it covers

Park City Council reviewed draft terms for a long-term below-market ground lease with JF EngineHouse Developer, LLC for City-owned property at 1875 Homestake Road to develop the 123-unit Engine House affordable housing project. The proposed 65-year lease, with extensions up to 99 years, would include a $1 annual lease payment in exchange for 99 deed-restricted units at 60% AMI and associated site improvements.

Who holds it

Jf Enginehouse Developer LLC holds this facilities contract with City of Park.

What happens next

Term as filed: Proposed 65-year ground lease with three automatic extensions (two 11-year, one 12-year) for a potential total of 99 years.

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Contract details

Contract type: Facilities
Document date: June 22, 2023
Term: Proposed 65-year ground lease with three automatic extensions (two 11-year, one 12-year) for a potential total of 99 years
Vendor: Jf Enginehouse Developer LLC
Agency: City of Park
Source document: Park City Council Agenda Packet 2023-06-22 (AgendaPacket)

Jf Enginehouse Developer LLC's other public contracts

City of Park, KentuckyGround lease approved for 99-unit Homestake housing · Aug 22, 2023Undisclosed City of Park, KentuckyCouncil approves $2M fee waivers for Engine House project · Aug 22, 2023 City of Park, UtahGround Lease for 99-Unit Homestake Housing Approved · Aug 22, 2023Undisclosed City of Park, UtahCity Approves $2M Fee Waivers for Engine House · Aug 22, 2023 City of Park, KentuckyGround Lease Approved For 99-Unit Homestake Housing · Jul 27, 2023Undisclosed All Jf Enginehouse Developer LLC contractsVendor profile

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Questions about this contract

Who was awarded the facilities contract by City of Park?

Jf Enginehouse Developer LLC was awarded this facilities contract by City of Park, as recorded on June 22, 2023.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Park City Council Agenda Packet 2023-06-22 (AgendaPacket), dated June 22, 2023 from City of Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jf Enginehouse Developer LLC hold?

Jf Enginehouse Developer 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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