City and County of Denver - File #: 24-0048

• File #: 24-0048
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 1/16/2024
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 2/5/2024
• Final action: 2/5/2024
• Title: A resolution approving a proposed Funding Agreement between the City and County of Denver and Elevation Community Land Trust to provide funding for the acquisition of property located at 1523 and 1551 Verbena Street, which will be used as affordable housing. Approves a funding agreement with Elevation Community Land Trust in the amount of $1,600,000 to assist with the acquisition of a property, located at 1523 and 1551 Verbena Street, which currently contains nine dwelling units to be subsequently redeveloped to contain at least ten affordable for-sale units, in Council District 8 (HOST-202371985). The last regularly scheduled Council meeting within the 30-day review period is on 2-20-2024. The Committee approved filing this item at its meeting on 1-24-2024. Council member Lewis called this item out at the 1-29-2024 meeting for a one-week postponement to 2-05-2024.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
2/5/2024	1	Council President	signed
2/5/2024	1	City Council	adopted	Pass
1/29/2024	1	City Council	postponed
1/24/2024	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 1-22-2024

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 Funding Agreement between the City and County of Denver and Elevation Community Land Trust to provide funding for the acquisition of property located at 1523 and 1551 Verbena Street, which will be used as affordable housing.
Approves a funding agreement with Elevation Community Land Trust in the amount of $1,600,000 to assist with the acquisition of a property, located at 1523 and 1551 Verbena Street, which currently contains nine dwelling units to be subsequently redeveloped to contain at least ten affordable for-sale units, in Council District 8 (HOST-202371985). The last regularly scheduled Council meeting within the 30-day review period is on 2-20-2024. The Committee approved filing this item at its meeting on 1-24-2024. Council member Lewis called this item out at the 1-29-2024 meeting for a one-week postponement to 2-05-2024.
body

Affected Council District(s) or citywide?|1010|Contract Control Number:
HOST-202371985
Vendor/Contractor Name (including any "DBA"):
Elevation Community Land Trust
Type and Scope of services to be performed:
The south site, 1523 Verbena St, includes a nine-unit multiplex and 17,625 sq ft of land zoned E-RH-2.5.
The north site, 1551 Verbena St, is vacant, and consists of 6,250 sq ft of ...