Town of Palisade Board of Trustees Agenda Packet 2026-05-26
Mesa County in Multi‑Jurisdictional Prop 123 Housing IGA
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Description
Mesa County is entering an intergovernmental agreement with Palisade, Grand Junction, and Fruita to jointly manage Proposition 123 affordable housing unit credits. The pact lets excess units in one jurisdiction be attributed to another to help meet a combined 744‑unit target by December 31, 2026.
Contract Details
Vendor
MESA COUNTY
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 the 2024–2026 commitment cycle and automatically renews yearly beginning January 1, 2027, unless terminated with 30 days’ written notice by any party.
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