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File #: 24-1479    Version: 1
Type: Resolution Status: Approval Review
File created: 10/21/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 10/30/2024 Final action:
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).
Indexes: Anne Wallace
Attachments: 1. RR24-1479_HOST_Lincoln Terrace Amendment 2024, 2. 24-1479 Filed Resolution_Lincoln Housing Partners LLLP_202476240-02 11.01.pdf, 3. 24-1479_Agmt_Lincoln_Terrace_Apartments_LLC_2024_$0_Loan_Agreement_Amendment_02_HOME_Funds_Lincoln_Terrace

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).

body

 

Affected Council District(s) or citywide?

7

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?