Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 2-6-2023
Requesting Agency: Finance
Division: Real Estate
Subject Matter Expert Name: Lisa Lumley
Email Address: Lisa.Lumley@denvergov.org
Phone Number:
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A bill for an ordinance approving a proposed Real Estate Purchase Agreement between the City and County of Denver and Lifespan Local LLC for the acquisition of a condominium unit for the Denver Public Library branch in the Westwood neighborhood, located at 3300 Nevada Place.
Approves a purchase and sale agreement with Lifespan Local, LLC for $5,950,000, as part of the RISE Denver bond program, for the city to purchase a 6,000 square foot condo unit to support a new Denver Public Library branch in the Westwood neighborhood, located at 3300 Nevada Place in Council District 3 (FINAN 202265857-00). The last regularly scheduled Council meeting within the 30-day review period is on 3-13-2023. The Committee approved filing this item at its meeting on 2-7-2023.
body
Affected Council District(s) or citywide? 3
Contract Control Number: FINAN 202265857-00
Vendor/Contractor Name (including any “DBA”): Lifespan Local LLC
Type and Scope of services to be performed:
DPL Westwood branch is the smallest branch in the system at 900 square feet located within the Westwood Community Center. It does not have the capacity to support neighborhood needs. In 2021 voters approved the Rise Denver bond program which included a new library for the Westwood neighborhood. Purchase of the 6,000 square foot condo unit will allow DPL to meet the generational, learning needs of the community within a community focused resource center.
Location (if applicable): 3300 Nevada Place
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts): N/A
Are WBE/MBE/DBE goals met (if applicable)?
Is the contract new/a renewal/extension or amendment?
New
Was this contractor selected by competitive process or sole source?
N/A-purchase and sale agreement
For New contracts
Term of initial contract:
No expiration
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term:
$5,950,000
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?
If length changing
What was the length of the term of the original contract?
What is the length of the extension/renewal?
What is the revised total term of the contract?
If cost changing
What was the original value of the entire contract prior to this proposed change?
What is the value of the proposed change?
What is the new/revised total value including change?
If terms changing
Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)