City and County of Denver - File #: 23-1050

• File #: 23-1050
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 7/28/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 8/28/2023
• Final action: 8/28/2023
• Title: A resolution approving a proposed First Amendment to Loan Agreement between the City and County of Denver and 1275 Sherman LLC to revise the designated unit mix of affordable units at Capitol Square Apartments located at 1295 Sherman Street in Council District 10. Amends the loan agreement with 1275 Sherman LLC to match the covenant stated unit mix at Capitol Square Apartments, comprised of 103 affordable apartments located at 1295 Sherman Street in Council District 10. No change to contract amount or duration (HOST-202369023-01). The last regularly scheduled Council meeting within the 30-day review period is on 9-18-2023. The Committee approved filing this item at its meeting on 8-16-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
8/28/2023	1	Council President	signed
8/28/2023	1	City Council	adopted	Pass
8/16/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 8-07-2023

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Alex Dea
Email Address: alex.dea@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 1275 Sherman LLC to revise the designated unit mix of affordable units at Capitol Square Apartments located at 1295 Sherman Street in Council District 10.
Amends the loan agreement with 1275 Sherman LLC to match the covenant stated unit mix at Capitol Square Apartments, comprised of 103 affordable apartments located at 1295 Sherman Street in Council District 10. No change to contract amount or duration (HOST-202369023-01). The last regularly scheduled Council meeting within the 30-day review period is on 9-18-2023. The Committee approved filing this item at its meeting on 8-16-2023.
body

Affected Council District(s) or citywide?
Council District 10

Contract Control Number:
HOST-202369023-01

Vendor/Contractor Name (including any "DBA"):
1275 Sherman LLC

Type and Scope of services to be performed:
Borrower developed 103 units of income-restricted housing
Location (if applicable):

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
N/A

Are WBE/MBE/DBE goals met (if applicable)?
N/A

Is the contract new/a renewal/extension or amendment?
Amendment

Was this contractor selected b...