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File #: 24-0123    Version: 1
Type: Resolution Status: Adopted
File created: 1/29/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 2/20/2024 Final action: 2/20/2024
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and MHV Partners LLLP to assist with the development and construction of one hundred two (102) affordable multi-family dwelling units in Council District 3. Approves the loan agreement with MHV Partners LLLP for $4,080,000 to assist with the development and construction of one hundred two (102) affordable multi-family dwelling units, which will be known as The Irving at Mile High Vista, in Council District 3 (HOST-202371413). The last regularly scheduled Council meeting within the 30-day review period is on 3-11-2024. The Committee approved filing this item at its meeting on 2-7-2024.
Indexes: Anne Wallace
Attachments: 1. RR24-0123_HOST_Irving Mile High Vista, 2. Irving at Mile High Vista_v2_resubmit, 3. Irving at Mile High Vista_v2_resubmit, 4. 24-0123 Filed Resolution_MHV Partners LLLP, 5. 24-0123_Agmt_MHV_Partners_LLLP_Loan_Agreement_2023_$4080000_AH_Linkage_Fee_The_Irving_at_Mile_High_Vista, 6. 24-0123 Filed Resolution_MHV Partners LLLP, 7. 24-0123_signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 2-5-2024

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 MHV Partners LLLP to assist with the development and construction of one hundred two (102) affordable multi-family dwelling units in Council District 3.
Approves the loan agreement with MHV Partners LLLP for $4,080,000 to assist with the development and construction of one hundred two (102) affordable multi-family dwelling units, which will be known as The Irving at Mile High Vista, in Council District 3 (HOST-202371413). The last regularly scheduled Council meeting within the 30-day review period is on 3-11-2024. The Committee approved filing this item at its meeting on 2-7-2024.
body

Affected Council District(s) or citywide?|1010|Contract Control Number:
HOST-202371413
Vendor/Contractor Name (including any "DBA"):
MHV Partners LLLP
Type and Scope of services to be performed:
This request is for $4,080,000 to assist with development and construction one hundred two (102) income restricted units to be rented at prices affordable to qualifying households. The Irving at Mile High Vista (the Irving) is a proposed development with studios to three-bedroom units at 20-80% AMI. The Irving is the last parcel at Mile High Vista to be developed within a zone lot that includ...

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