Grand Junction: Issue 2C - Charter Amendment

Shall there be an amendment to Article XIV, Section 124 of the City Charter, as amended, to increase the authorized lease term for City property, now owned or after acquired, from 25 years to a term not to exceed 99 years when the property is to be used for affordable housing project(s)? If approved, Section 124 will read, in relevant part (and without amendment of the balance of Section 124 as amended) as follows: 124. "No franchise, lease or right to use the streets or the public places, or property of the city, shall be granted by the city, except as in this Charter provided, for a period longer than twenty-five years; however, the City may, by and with adoption of an ordinance, lease certain City property, now owned or after acquired, for affordable housing for a term not to exceed ninety-nine years."