HomeMy WebLinkAbout2026 - RESO 45 - Unit Sharing IGACITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 45
SERIES OF 2026
TITLE: A RESOLUTION APPROVING AN INTERGOVERNMENTAL
AGREEMENT FOR PROPOSITION 123 UNIT SHARING
BETWEEN THE CITIES OF ARVADA, EDGEWATER,
GOLDEN, LAKEWOOD, WESTMINSTER, WHEAT RIDGE
AND JEFFERSON COUNTY
WHEREAS, pursuant to C.R.S. §§ 29-1-201 and 203, and Colo. Const. Art. XIV, §
18(2)(a), the City of Wheat Ridge (the “City”) is authorized to enter into cooperative
agreements with other governmental entities to share resources or services; and
WHEREAS, Colorado voters enacted Proposition 123 in 2022 that made several hundred million dollars available to affordable housing developers statewide starting in
2023 for affordable housing projects; and
WHEREAS, City Council approved Resolution 46-2023 in support of staff filing a
commitment to the first cycle of Proposition 123, starting January 1, 2024, and ending December 31, 2026; and
WHEREAS, pursuant to Proposition 123, C.R.S. § 29-32-105(3)(d)(II), the State
encourages partnership and provides that the City can enter into agreements to share
unit credit for affordable housing production through regional collaboration; and
WHEREAS, the Cities of Arvada, Edgewater, Golden, Lakewood, Westminster, Wheat Ridge and Jefferson County, (the “Parties”), have determined it would be in the
best interest of their jurisdictions to enter into a written agreement to permit affordable
housing unit sharing and to ensure the Parties meet their Proposition 123 commitments; and
WHEREAS, the City of Wheat Ridge wishes to enter into an intergovernmental agreement with the Parties.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado, that:
Section 1. The Intergovernmental Agreement concerning unit sharing for Proposition 123, between the Cities of Arvada, Edgewater, Golden, Lakewood,
Westminster, Wheat Ridge and Jefferson County, Colorado, attached hereto as
Exhibit A, is hereby approved.
Section 2. This Resolution shall be effective upon adoption.
DONE AND RESOLVED this 28th day of September 2026.
_______________________________________
Korey Stites, Mayor
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ATTEST:
______________________________________ Janeece Hoppe, City Clerk