Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 10-9-2023
Requesting Agency: HOST
Division:
Subject Matter Expert Name: Chris Lowell
Email Address: Christopher.Lowell@denvergov.org <mailto: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 Funding Agreement between the City and County of Denver and Habitat for Humanity of Metro Denver, Inc. to providing funding for rehabilitation costs of an eleven-unit property located at 3501-3543 High Street, with each unit being used for affordable housing and sold to a low- to moderate-income household.
Approves a contract with Habitat for Humanity of Metro Denver, Inc. for $1,493,000 to assist in the rehabilitation of an eleven unit property located at 3501-3543 High Street in order to sell the units to low and moderate-income households. The occupancy restrictions will run with the land for 99 years and be enforced via the Colorado Community Land Trust, in Council District 9. HOST-202368694. The last regularly scheduled Council meeting within the 30-day review period is on 11-13-2023. The Committee approved filing this item at its meeting on 10-11-2023.
body
Affected Council District(s) or citywide?
Council District 9
Contract Control Number:
HOST-202368694
Vendor/Contractor Name (including any “DBA”):
Habitat for Humanity of Metro Denver, Inc.
Type and Scope of services to be performed:
Habitat for Humanity of Metro Denver is requesting $1,493,000, which in includes $1,253,000 approved during the right of first refusal evaluation and an additional $240,000 in methamphetamine remediation. This funding will be provided in the form of an ARPA grant, with no interest or payments due. They will leverage the City's funding with $930,340 of their own equity and $330,000 in Colorado Division of Housing funds.
Habitat for Humanity of Metro Denver will own the property through the rehabilitation period and will then separate the land from improvements and transfer the land to Colorado Community Land Trust.
Habitat for Humanity of Metro Denver must record a Colorado Community Land Trust ground lease, approved by the City, that provides the City a right of first refusal to purchase the land if HFHMD proposes to transfer the leased land to a non-profit corporation, charitable trust, government agency or other similar institution. Additionally, each initial and subsequent buyer must execute a City Lease Rider which is recorded upon sale of each unit.
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.)