City and County of Denver - File #: 23-1198

• File #: 23-1198
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/4/2023
• In control: Finance & Governance Committee
• On agenda: 9/25/2023
• Final action: 9/25/2023
• Title: A resolution approving a proposed Sixth Amendment to Sublease Agreement between the City and County of Denver and DP Media Network LLC to accommodate the Webb Building reconfiguration by extending the sublease of the 1st floor portion of the Denver Post Building, in Council District 10. Amends a lease agreement with DP Media Network LLC (Denver Post) by adding $484,143.54 for a new total of $43,959,160.44 and 18 months for a new end date of 2-28-2025 to accommodate the Webb Building reconfiguration by extending the sublease of the 1st floor portion of the Denver Post Building, in Council District 10 (FINAN-2023369506-06/Afresco-201626030-06). The last regularly scheduled Council meeting within the 30-day review period is on 10-16-2023. The Committee approved filing this item at its meeting on 9-12-2023.
• Indexes: Lucas Palmisano

Date	Ver.	Action By	Action	Result
9/25/2023	1	Council President	signed
9/25/2023	1	City Council	adopted	Pass
9/12/2023	1	Finance & Governance Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 9-11-2023

Requesting Agency: Department of Finance

                               Division:

Subject Matter Expert Name: Lisa Lumley
Email Address: Lisa.lumley@denvergov.org <mailto: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 resolution approving a proposed Sixth Amendment to Sublease Agreement between the City and County of Denver and DP Media Network LLC to accommodate the Webb Building reconfiguration by extending the sublease of the 1st floor portion of the Denver Post Building, in Council District 10.

Amends a lease agreement with DP Media Network LLC (Denver Post) by adding $484,143.54 for a new total of $43,959,160.44 and 18 months for a new end date of 2-28-2025 to accommodate the Webb Building reconfiguration by extending the sublease of the 1^st floor portion of the Denver Post Building, in Council District 10 (FINAN-2023369506-06/Afresco-201626030-06). The last regularly scheduled Council meeting within the 30-day review period is on 10-16-2023. The Committee approved filing this item at its meeting on 9-12-2023.

body

Affected Council District(s) or citywide?

Council District 10

Contract Control Number:

FINAN-2023369506-06/Afresco-201626030-06

Vendor/Contractor Name (including any “DBA”):

DP Media Network LLC (Denver Post)

Type and Scope of services to be performed:

Executive Summary - DP Media Network 6^th Amendment

CCD first entered into a sublease agreement at 101 W. Colfax Avenue in 2016 to address FTE growth requirements. CCD currently subleases space on the 1st, 7th, 8th, 9th and 11^th floors for a total of 144,988 square feet. The lease for the 1^st floor expires 8/31/2023.

The Sixth Amendment extends the sublease for the 1st floor for 18 months, through 2/28/2025.  The expiration of the 1st floor will be co-terminus with the expiration of the 7^th and 8^th floor.  The extension of the 1st floor sublease allows time to begin the Webb building reconfiguration to accommodate the 1^st, 7^th, and 8^th floor employees into the Webb building upon expiration in February 2025.

Plans are underway to bring Office of the Independent Monitor, who occupies the 1^st floor at 101 W Colfax Avenue, into the Webb Building in 2025.  The new Independent Monitor requested staying in the existing space due to operational challenges in moving into the Webb Building before the project is completed.

Other floors have different contract terms, expiring between May 2028 and October 2029.

Location (if applicable):

101 West Colfax  Denver CO

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):

N/A

Are WBE/MBE/DBE goals met (if applicable)?

N/A

Is the contract new/a renewal/extension or amendment?

Amendment

Was this contractor selected by competitive process or sole source?

NO

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)?

Cost, length of term and terms unrelated to time or price

If length changing

What was the length of the term of the original contract?

7/01/2016-8/31/2023

What is the length of the extension/renewal?

18 months

What is the revised total term of the contract?

7/01/2016-2/28/2025

If cost changing

What was the original value of the entire contract prior to this proposed change?

$43,475,016.90

What is the value of the proposed change?

$484,143,54

What is the new/revised total value including change?

$43,959,160.44

If terms changing

Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)

Extended lease time is for 1^st floor space only