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File #: 25-1962    Version: 1
Type: Resolution Status: Adopted
File created: 11/18/2025 In control: Community Planning and Housing
On agenda: 12/1/2025 Final action: 12/2/2025
Title: A resolution approving a proposed Fifth Amendatory Agreement between the City and County of Denver and Denver Dry Preservation, LLC for a loan agreement related to an affordable housing development located at 1565 California Street. Amends an agreement with Denver Dry Preservation, LLC to adjust interest rate from simple to annual compounding interest on a loan agreement related to an affordable housing development located at 1565 California Street. No change to agreement capacity or term, in Council District 10 (GE29015/HOST-202582299-05). The last regularly scheduled Council meeting within the 30-day review period is on 12-22-2025. The Committee approved filing this item at its meeting on 11-25-2025.
Indexes: Lucas Palmisano
Attachments: 1. RR25-1962_HOST_Denver Dry Amendment 5 Res Request 11.14.pdf, 2. 25-1962 Filed Resolution_Denver Dry Preservation, LLC 202582299-05, 3. 25-1962 Fifth Amendatory Agreement_Denver Dry Preserbation, LLC 202582299-05, 4. 25-1962_Filed_Resolution_Denver_Dry_Preservation,_LLC, 5. 25-1962_Filed_Resolution_Denver_Dry_Preservation_LLC.pdf

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

 

Date Submitted: 11-24-2025

 

Requesting Agency: HOST

                               Division:

 

Subject Matter Expert Name: Polly Kyle
Email Address: polly.kyle@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 Fifth Amendatory Agreement between the City and County of Denver and Denver Dry Preservation, LLC for a loan agreement related to an affordable housing development located at 1565 California Street.

Amends an agreement with Denver Dry Preservation, LLC to adjust interest rate from simple to annual compounding interest on a loan agreement related to an affordable housing development located at 1565 California Street. No change to agreement capacity or term, in Council District 10 (GE29015/HOST-202582299-05). The last regularly scheduled Council meeting within the 30-day review period is on 12-22-2025. The Committee approved filing this item at its meeting on 11-25-2025.

body

 

Affected Council District(s) or citywide?

Council District 10

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?