City and County of Denver - File #: 23-0766

• File #: 23-0766
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 6/5/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 8/7/2023
• Final action: 8/7/2023
• Title: A resolution approving a proposed First Amendment to Loan Agreement between the City and County of Denver and EC Wildhorse LLC to increase the loan amount and revise the number of Low HOME Units being provided at Wildhorse Ridge development, located near Tower Road and 58th Avenue in Council District 11. Amends a loan agreement with EC Wildhorse LLC and Envolve Communities, LLC by adding $718,000 for a new total of $1,168,000 to cover increased construction costs and an additional three HOME units at Wildhorse Ridge development, located near Tower Road and 58th Avenue in Council District 11. No change to contract duration. (HOST-202160903 / HOST-202367972-01). The last regularly scheduled Council meeting within the 30-day review period is on 8-28-2023. The Committee approved filing this item at its meeting on 6-14-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
8/7/2023	1	Council President	signed
8/7/2023	1	City Council	adopted	Pass
6/14/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 6-12-2023

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Adam Lyons
Email Address: adam.lyons@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 First Amendment to Loan Agreement between the City and County of Denver and EC Wildhorse LLC to increase the loan amount and revise the number of Low HOME Units being provided at Wildhorse Ridge development, located near Tower Road and 58th Avenue in Council District 11.
Amends a loan agreement with EC Wildhorse LLC and Envolve Communities, LLC by adding $718,000 for a new total of $1,168,000 to cover increased construction costs and an additional three HOME units at Wildhorse Ridge development, located near Tower Road and 58th Avenue in Council District 11. No change to contract duration. (HOST-202160903 / HOST-202367972-01). The last regularly scheduled Council meeting within the 30-day review period is on 8-28-2023. The Committee approved filing this item at its meeting on 6-14-2023.
body

Affected Council District(s) or citywide?
Council district 11

Contract Control Number:
HOST-202160903 / HOST-202367972-01

Vendor/Contractor Name (including any "DBA"):
EC Wildhorse LLC
Envolve Communities, LLC

Type and Scope of services to
be performed:
In consideration of the additional funds, three additional Low HOME Units will be provided.
* The $1,168,000 HOST loan still accounts for just 2.5% of the total c...