City and County of Denver - File #: 18-0654

• File #: 18-0654
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 6/4/2018
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 6/25/2018
• Final action: 6/25/2018
• Title: A resolution approving a proposed Amendment and Modification Agreement between the City and County of Denver and Sable Ridge Apartments, LLC to modify the terms and conditions of the Loan Agreement. Amends an existing $3.5 million cash flow loan to Sable Ridge Apartments, LLC to define the percentage of available surplus cash required to be provided to the City as repayment of the loan in connection with the construction of a 60-unit affordable housing development for seniors known as Sable Ridge Apartments located at 4210 North Fraser Way in Council District 11 (OEDEV-201629086-01). The last regularly scheduled Council meeting within the 30-day review period is on 7-16-18. The Committee approved filing this item at its meeting on 6-13-18.
• Indexes: Shelley Smith

Date	Ver.	Action By	Action	Result
6/27/2018	1	Council President	signed
6/25/2018	1	City Council	adopted	Pass
6/13/2018	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 6 4 18

Requesting Agency: OED
Division:

Subject Matter Expert Name: Susan Liehe
Email Address:
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 Amendment and Modification Agreement between the City and County of Denver and Sable Ridge Apartments, LLC to modify the terms and conditions of the Loan Agreement.
Amends an existing $3.5 million cash flow loan to Sable Ridge Apartments, LLC to define the percentage of available surplus cash required to be provided to the City as repayment of the loan in connection with the construction of a 60-unit affordable housing development for seniors known as Sable Ridge Apartments located at 4210 North Fraser Way in Council District 11 (OEDEV-201629086-01). The last regularly scheduled Council meeting within the 30-day review period is on 7-16-18. The Committee approved filing this item at its meeting on 6-13-18.
body

Affected Council District(s) or citywide?
11
Contract Control Number:
OEDEV-201629086-01
Vendor/Contractor Name (including any "DBA"):
Sable Ridge Apartments LLC
Type and Scope of services to be performed:
LLC to define the percentage of available surplus cash required to be provided to the City as repayment of the loan in connection with the construction of a 60-unit affordable housing development for seniors known as Sable Ridge Apartments located at 4210 North Fraser Way
Location (if applicable):
4210 North Fraser Way
WBE/MBE/DBE goals that were...