City and County of Denver - File #: 23-1336

• File #: 23-1336
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/21/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/23/2023
• Final action: 10/23/2023
• Title: A resolution approving a proposed Contract between the City and County of Denver and Volunteers of America of Colorado for a funding and assignment agreement in Rise General Obligation Bonds (GO Bonds) to partially finance construction of 60 non-congregate shelter units for families at the Theodora Family Hotel located at 4855 West Colfax Avenue. Approves a funding agreement with Volunteers of America for $13,235,433 in RISE GO Bonds to finance construction of 60 non-congregate shelter units for families at the Theodora Family Hotel located at 4855 West Colfax Avenue. The term is 12-1-2023 through 11-30-2083, in Council District 3 (HOST-202370324). 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 9-12-2023.
• Indexes: Lucas Palmisano

Date	Ver.	Action By	Action	Result
10/23/2023	1	Council President	signed
10/23/2023	1	City Council	adopted	Pass
9/26/2023	1	Finance & Governance Committee	approved for filing	Pass

Finance Item/Grant Request Template

Date Submitted: 9-26-2023

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 Contract between the City and County of Denver and Volunteers of America of Colorado for a funding and assignment agreement in Rise General Obligation Bonds (GO Bonds) to partially finance construction of 60 non-congregate shelter units for families at the Theodora Family Hotel located at 4855 West Colfax Avenue.
Approves a funding agreement with Volunteers of America for $13,235,433 in RISE GO Bonds to finance construction of 60 non-congregate shelter units for families at the Theodora Family Hotel located at 4855 West Colfax Avenue. The term is 12-1-2023 through 11-30-2083, in Council District 3 (HOST-202370324). 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 9-12-2023.
body

Affected Council District(s) or citywide?
Council District 3
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.

Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other):

Amount:

Budget Year:

Fund and Funding Source (Fund/Org/Grant Number, if applicable):

Grantor (if applicable):

Fund Matching Requirements (if ap...