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File #: 16-0345    Version: 1
Type: Resolution Status: Adopted
File created: 5/12/2016 In control: Consent
On agenda: 5/12/2016 Final action: 5/31/2016
Title: Approves an escrow agreement and the creation of an escrow account between KUH Utica, LLC and Mirador, LLC, US Bank, and the City in the amount of $949,879. This agreement is created in conformance with Denver’s Inclusionary Housing Ordinance (IHO), which allows for the alternative satisfaction of affordable units, in this case a nearby off-site production.
Attachments: 1. Bill Request, 2. CR16-0345_Resolution_USBank.KUHUtica,LLC&Mirador,LLC, 3. Escrow Agreement - US Bank, KUH Utica, LLC & Mirador, LLC.201628258-00, 4. RR16 0345 OED Aria-El Jebel Escrow 050216