Contract Request Template (Contracts; IGAs; Leases)
Date Submitted:10-2-2023
Requesting Agency: HOST
Division:
Subject Matter Expert Name: Christopher Lowell
Email Address:Christopher.lowell@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 resolution approving a proposed Assignment and Assumption Agreement between the City and County of Denver, Zia Sunnyside SPE, LLC (as successor-in-interest to CD-Inca, LLC), and KG Sunnyside Owner, LLC to assign the affordable housing obligations contained in a Loan Agreement and consent to the transfer of the property.
Amends a contract and assigns the contract from Zia Sunnyside SPE, LLC (as successor-in-interest to CD-Inca, LLC) to KG Sunnyside Owner, LLC, a contract purchaser of the property located at 4055 North Inca Street. This agreement maintains the affordability provisions of the building for the new owner for the remainder of the covenant, ending on 10-12-2036, in Council District 1. OEDEV-202370443-01/201630376. The last regularly scheduled Council meeting within the 30-day review period is on 11-6-2023. The Committee approved filing this item at its meeting on 10-4-2023.
body
Affected Council District(s) or citywide?
Council District 1
Contract Control Number:
OEDEV-201630376-00
Vendor/Contractor Name (including any “DBA”):
KG Sunnyside Owner, LLC
Type and Scope of services to be performed:
Assignment and assumption of the agreement and covenant by KG Sunnyside Owner, LLC
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
Are WBE/MBE/DBE goals met (if applicable)?
Is the contract new/a renewal/extension or amendment?
Was this contractor selected by competitive process or sole source?
For New contracts
Term of initial contract:
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:
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.)
New contractor