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File #: 24-1702    Version: 1
Type: Resolution Status: Adopted
File created: 11/19/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 12/16/2024 Final action: 12/16/2024
Title: A resolution approving a proposed First Amendment to the Funding Agreement between the City and County of Denver and Elevation Community Land Trust to provide additional flexibility while maintaining at least sixty-two (62) income-restricted housing units to be sold at prices affordable to qualifying households, citywide. Amends a funding agreement with Elevation Community Land Trust to change certain terms to continue acquiring least 62 income-restricted housing units to be sold at prices affordable to qualifying households, citywide (HOST-202477007). The last regularly scheduled Council meeting within the 30-day review period is on 1-6-2025. The Committee approved filing this item at its meeting on 11-27-2024.
Indexes: Anne Wallace
Attachments: 1. RR24-1702_HOST_-ECLT Scattered Sites Amendent, 2. 24-1702 Filed Resolution_Elevation Community Land Trust_202477007-01, 3. 24-1702 Agr_Elevation Community Land Trust_202477007-01, 4. 24-1702 Filed Resolution_Elevation Community Land Trust_202477007-01, 5. 24-1702_signed.pdf

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

 

Date Submitted: 11-25-2024

 

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 First Amendment to the Funding Agreement between the City and County of Denver and Elevation Community Land Trust to provide additional flexibility while maintaining at least sixty-two (62) income-restricted housing units to be sold at prices affordable to qualifying households, citywide.

Amends a funding agreement with Elevation Community Land Trust to change certain terms to continue acquiring least 62 income-restricted housing units to be sold at prices affordable to qualifying households, citywide (HOST-202477007). The last regularly scheduled Council meeting within the 30-day review period is on 1-6-2025. The Committee approved filing this item at its meeting on 11-27-2024.

body

 

Affected Council District(s) or citywide?

citywide

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?