City and County of Denver - File #: 24-0295

• File #: 24-0295
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/4/2024
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 3/26/2024
• Final action: 3/26/2024
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Second Chance Center, Inc. to assist with the development and construction of one hundred twenty-eight income-restricted units to be rented at prices affordable to qualifying households in Council District 7. Approves a loan agreement with Second Chance Center, Inc. for $5,350,000 to assist with the development and construction of one hundred twenty-eight income-restricted units to be rented at prices affordable to qualifying households, which will be known as Residences on Acoma, in Council District 7(HOST-202472784). The last regularly scheduled Council meeting within the 30-day review period is on 4-15-2024. The Committee approved filing this item at its meeting on 3-13-2024.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
3/26/2024	1	City Council	adopted	Pass
3/26/2024	1	Council President	signed
3/13/2024	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 3-11-2024

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 Loan Agreement between the City and County of Denver and Second Chance Center, Inc. to assist with the development and construction of one hundred twenty-eight income-restricted units to be rented at prices affordable to qualifying households in Council District 7.
Approves a loan agreement with Second Chance Center, Inc. for $5,350,000 to assist with the development and construction of one hundred twenty-eight income-restricted units to be rented at prices affordable to qualifying households, which will be known as Residences on Acoma, in Council District 7(HOST-202472784). The last regularly scheduled Council meeting within the 30-day review period is on 4-15-2024. The Committee approved filing this item at its meeting on 3-13-2024.
body

Affected Council District(s) or citywide?|1010|Contract Control Number:
HOST-202472784
Vendor/Contractor Name (including any "DBA"):
Second Chance Center, Inc.
Type and Scope of services to be performed:
The Residences on Acoma is a proposed 128-unit, 4-story wood framed building on a 0.68-acre infill site owned by Second Chance Center Inc., designed with double loaded corridors serviced by two elevators. Exterior finishes will be a combination of metal, glass, stucco, siding, and othe...