City and County of Denver - File #: 24-1479

• File #: 24-1479
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 10/21/2024
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 11/12/2024
• Final action: 11/12/2024
• Title: A resolution approving a proposed Second Amendment, Modification, Assignment, and Assumption Agreement between the City and County of Denver, Lincoln Housing Partners, LLLP, and Lincoln Terrace Apartments LLC to amend and assign to the new property owner the loan agreement related to an affordable housing development located at 507 North Lincoln Street in City Council District 7. Amends an agreement with Lincoln Housing Partners LLLP reflect the sale of the property to Lincoln Terrace Apartments, LLC and assigns and amend the loan agreement related to an affordable housing development located at 507 North Lincoln Street in City Council District 7 to the new owner. No change to contract amount or length (GE7A011/HOST-202476240). The last regularly scheduled Council meeting within the 30-day review period is on 12-2-2024. The Committee approved filing this item at its meeting on 10-30-2024.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
11/12/2024	1	Council President	signed
11/12/2024	1	City Council	adopted	Pass
10/30/2024	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

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

Date Submitted: 10-28-2024

Requesting Agency: HOST
Division:

Subject Matter Expert Name: Chris 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 Second Amendment, Modification, Assignment, and Assumption Agreement between the City and County of Denver, Lincoln Housing Partners, LLLP, and Lincoln Terrace Apartments LLC to amend and assign to the new property owner the loan agreement related to an affordable housing development located at 507 North Lincoln Street in City Council District 7.
Amends an agreement with Lincoln Housing Partners LLLP reflect the sale of the property to Lincoln Terrace Apartments, LLC and assigns and amend the loan agreement related to an affordable housing development located at 507 North Lincoln Street in City Council District 7 to the new owner. No change to contract amount or length (GE7A011/HOST-202476240). The last regularly scheduled Council meeting within the 30-day review period is on 12-2-2024. The Committee approved filing this item at its meeting on 10-30-2024.
body

Affected Council District(s) or citywide?|1010|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):

D...