OTHERAPPROVED

Granby Advances Nuche Village Apartment Sale Agreement

The Town of Granby’s packet includes agreements with Nuche Village Apartments, LLC for the sale and development of the Nuche Village property. The deal calls for a $3,855,836 purchase price, a $2 million promissory note, assumption of approximately $7.6 million in Prop 123 financing, and a 40-year affordability covenant.

Document date · September 8, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Purchase price $3,855,836.00; $1,855,836.00 cash at closing; $2,000,000 promissory note; approximately $7.6 million Prop 123 loan assumption
Contract type
OTHER
Contract term
Closing on or before September 10, 2026; promissory note term 18 months from closing; affordability covenant for 40 years
Renewal date
2026-09-10
Renewal
First Amendment extended the closing date from June 9, 2026 to September 10, 2026. Second Amendment further extends the closing date from September 10, 2026 to an unspecified future date; the agreement also allows assignment to an affiliate or single-purpose entity formed for the project without town consent.
Document type
AgendaPacket
Source document
Town of Granby AgendaPacket Board of Trustees Meeting 2026-09-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Granby?

Nuche Village Apartments Llc was awarded this government contract by Town of Granby, as recorded on September 8, 2026. The contract value is Purchase price $3,855,836.00; $1,855,836.00 cash at closing; $2,000,000 promissory note; approximately $7.6 million Prop 123 loan assumption.

How much is the Nuche Village Apartments Llc contract with Town of Granby worth?

The Nuche Village Apartments Llc contract with Town of Granby is valued at Purchase price $3,855,836.00; $1,855,836.00 cash at closing; $2,000,000 promissory note; approximately $7.6 million Prop 123 loan assumption.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Granby AgendaPacket Board of Trustees Meeting 2026-09-08 (AgendaPacket), dated September 8, 2026 from Town of Granby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nuche Village Apartments Llc hold?

Nuche Village Apartments 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.

View Nuche Village Apartments Llc's profile

What is Town of Granby currently buying?

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