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File #: 25-0914    Version: 1
Type: Bill Status: Approval Review
File created: 6/16/2025 In control: Finance & Governance Committee
On agenda: 6/24/2025 Final action:
Title: For an ordinance concerning the authorization of a Loan Agreement between the City & County of Denver, acting on behalf of its Denver Downtown Development Authority (DDDA) and PNC Bank, National Association, and an optional Revolving Credit Agreement between the City & County of Denver, acting on behalf of its DDDA, and PNC Bank, National Association, in order to finance certain development projects authorized under the Amended and Restated Denver Downtown Development Authority Plan of Development; authorizing the prepayment of the City's outstanding Loan Agreement dated February 3, 2017, as amended; and other documents related thereto; ratifying action previously taken relating thereto; and providing other matters relating thereto.
Indexes: Lucas Palmisano
Attachments: 1. BR25-0914_DDDA Ordinance Request Financing Transactions, 2. DDDA - 2025 DDDA Executive Summary 6.20.25, 3. DDDA Finance and Business Committee Slide Deck

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

 

Date Submitted: 6-23-2025

 

Requesting Agency: DOF

                               Division:

 

Subject Matter Expert Name: Carolina Flores
Email Address: Carolina.flores@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

For an ordinance concerning the authorization of a Loan Agreement between the City & County of Denver, acting on behalf of its Denver Downtown Development Authority (DDDA) and PNC Bank, National Association, and an optional Revolving Credit Agreement between the City & County of Denver, acting on behalf of its DDDA, and PNC Bank, National Association, in order to finance certain development projects authorized under the Amended and Restated Denver Downtown Development Authority Plan of Development; authorizing the prepayment of the City’s outstanding Loan Agreement dated February 3, 2017, as amended; and other documents related thereto; ratifying action previously taken relating thereto; and providing other matters relating thereto.

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?