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File #: 23-1986    Version: 1
Type: Resolution Status: Adopted
File created: 12/26/2023 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 1/16/2024 Final action: 1/16/2024
Title: A resolution approving a proposed Amendment to Loan Agreement between the City and County of Denver and Uinta Senior Apartments, LLLP to modify the repayment terms of the loan. Amends a loan agreement with Uinta Senior Apartments, LLLP to amend Exhibit F within the Distribution of Cash Flow and Defined Terms sections, with no change to agreement amount or end term, to continue support for a 50-unit affordable senior rental project, in Council District 8. HOST-202371412-01 (2023067525-01). The last regularly scheduled Council meeting within the 30-day review period is on 2-5-2024. The Committee approved filing this item at its meeting on 1-3-2024.
Indexes: Anne Wallace
Attachments: 1. RR23-1986_HOST-St. Stephens Amendment, 2. 23-1986_Uinta+Senior+Apartments+LLLP_Loan+Amend+01_Linkage+Fee_2023_$0_St.+Stephens+Senior+Apts, 3. 23-1986, 4. 23-1986, 5. 23_1986_signed_v2

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 1-1-2024

 

Requesting Agency: HOST

                               Division:

 

Subject Matter Expert Name: Chris 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 Amendment to Loan Agreement between the City and County of Denver and Uinta Senior Apartments, LLLP to modify the repayment terms of the loan. 

Amends a loan agreement with Uinta Senior Apartments, LLLP to amend Exhibit F within the Distribution of Cash Flow and Defined Terms sections, with no change to agreement amount or end term, to continue support for a 50-unit affordable senior rental project, in Council District 8. HOST-202371412-01 (2023067525-01). The last regularly scheduled Council meeting within the 30-day review period is on 2-5-2024. The Committee approved filing this item at its meeting on 1-3-2024.

body

 

Affected Council District(s) or citywide?

8

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

 

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?