Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 8-12-20
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
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Name: Lisa Lumley |
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Email: Lisa.Lumley@denvergov.org |
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 Lease Agreement between the City and County of Denver and Dencom, LLC for property located at 4600 East 48th Avenue to support emergency sheltering needs for those experiencing homelessness.
Approves a lease agreement with DENCOM, LLC for $19,840,480.40 and for ten years, with two five-year options to extend, to support emergency sheltering needs for those experiencing homelessness at a facility located at 4600 East 48th Avenue in Council District 8 (FINAN-202055687). The last regularly scheduled Council meeting within the 30-day review period is on 9-21-20. The Committee approved filing this item at its meeting on 8-18-20.
body
Affected Council District(s) or citywide? Council District 8
Contract Control Number: FINAN-202055687
Vendor/Contractor Name (including any “DBA”): DENCOM, LLC,
Type and Scope of services to be performed:
Lease Agreement, on behalf of HOST, to support sheltering needs for those experiencing homelessness. There is an increased need of this type of sheltering due to impacts from COVID-19. The term of the lease is 10 years with 2 additional 5-year extension options. The City is responsible for paying base rent, utilities, improvements and operating expenses as outlined in the lease agreement. The maximum contract amount is $19,840,480.40. The City may exercise the Purchase Option at any time after the 30th month past the Effective Date but prior to expiration of the 5th year of the initial term of the lease.
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: Ten years
Options for Renewal:
How many renewals (i.e. up to 2 renewals)? 2
Term of any renewals (i.e. 1 year each): Five-years each
Cost of initial contract term: $19,840,480.40
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.)