City and County of Denver - File #: 23-0722

• File #: 23-0722
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 5/28/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 2/12/2024
• Final action: 2/12/2024
• Title: A resolution approving a proposed Grant Agreement between the City and County of Denver and Montbello Organizing Committee to provide federal funding through the Economic Development Initiative (EDI) Community Project Funding initiative for a 97-unit income restricted affordable housing development located at 12300 East Albrook Drive in Council District 8. Approves a grant agreement with the Montbello Organizing Committee for $1,450,000 and through 8-31-2030 to leverage existing project funds for a 97-unit income restricted affordable housing development located at 12300 East Albrook Drive in Council District 8 (HOST-202368263). The last regularly scheduled Council meeting within the 30-day review period is on 3-4-2024. The Committee approved filing this item at its meeting on 6-7-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
2/12/2024	1	Council President	signed
2/12/2024	1	City Council	adopted	Pass
6/7/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted:6-05-2023

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Adam Lyons
Email Address: adam.lyons@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 Grant Agreement between the City and County of Denver and Montbello Organizing Committee to provide federal funding through the Economic Development Initiative (EDI) Community Project Funding initiative for a 97-unit income restricted affordable housing development located at 12300 East Albrook Drive in Council District 8.
Approves a grant agreement with the Montbello Organizing Committee for $1,450,000 and through 8-31-2030 to leverage existing project funds for a 97-unit income restricted affordable housing development located at 12300 East Albrook Drive in Council District 8 (HOST-202368263). The last regularly scheduled Council meeting within the 30-day review period is on 3-4-2024. The Committee approved filing this item at its meeting on 6-7-2023.
body

Affected Council District(s) or citywide?
Council district 8

Contract Control Number:
HOST-202368263

Vendor/Contractor Name (including any "DBA"):
Montbello Organizing Committee

Type and Scope of services to be performed:
The Montbello FreshLo is a 97 affordable unit project consisting of 49 one bedroom units, 33 two bedroom units and 15 three bedroom units. A city covenant is to be recorded on the land for 60 years. All affordable units will be re...