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File #: 25-0934    Version: 1
Type: Bill Status: Committee Action Item
File created: 6/23/2025 In control: Finance & Governance Committee
On agenda: 7/8/2025 Final action:
Title: Authorizes the Manager of Finance, on behalf of the city, to enter into a Facilities Lease Agreement for both the Colorado Convention Center Parking Garage and the Denver Performing Arts Center Parking Garage under which the Trustee will execute and deliver Series 2025 Certificates of Participation in a par amount not to exceed $108,000,000.00 to pay to the city and the city will lease back through a Lease Purchase Agreement. The proceeds of the Certificates will be used for the purpose of replacing the existing fire alarm system at the Colorado Convention Center, reimbursing the city for certain preliminary expenditures, and paying associated costs of issuance, in Council District 10.
Indexes: Lucas Palmisano
Attachments: 1. BR25-0934_DOF_Colorado Convention Center COP Bill Request, 2. BR25-0934_DOF_2025 COP CCC Fire Alarm System - Briefing Presententation.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 6-30-2025

 

Requesting Agency: DOF

                               Division:

 

Subject Matter Expert Name: Carolina Flores
Email Address: Carolina.flores@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

Authorizes the Manager of Finance, on behalf of the city, to enter into a Facilities Lease Agreement for both the Colorado Convention Center Parking Garage and the Denver Performing Arts Center Parking Garage under which the Trustee will execute and deliver Series 2025 Certificates of Participation in a par amount not to exceed $108,000,000.00 to pay to the city and the city will lease back through a Lease Purchase Agreement. The proceeds of the Certificates will be used for the purpose of replacing the existing fire alarm system at the Colorado Convention Center, reimbursing the city for certain preliminary expenditures, and paying associated costs of issuance, in Council District 10.

body

 

Affected Council District(s) or citywide?

Council District 10

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?