City and County of Denver - File #: 23-1367

• File #: 23-1367
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/25/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/16/2023
• Final action: 10/16/2023
• 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.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
10/16/2023	1	Council President	signed
10/16/2023	1	City Council	adopted	Pass
10/4/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

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...