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File #: 22-1271    Version: 1
Type: Resolution Status: Adopted
File created: 10/3/2022 In control: Business, Arts, Workforce, Climate & Aviation Services Committee
On agenda: 10/24/2022 Final action: 10/24/2022
Title: A resolution approving a proposed Agreement with New Community Transformation Fund - Denver GP, LLC, to provide technical and capital support to qualifying small business entrepreneurs, citywide. Approves a contract with New Community Transformation Fund - Denver GP, LLC, for $15,187,405 funded by 1% of Denver's retail special cannabis sales tax and through 7-30-2025, with two one-year options to extend, to provide technical and capital support to qualifying small business entrepreneurs, citywide (202264977). The last regularly scheduled Council meeting within the 30-day review period is on 11-14-2022. The Committee approved filing this item at its meeting on 10-12-2022.
Indexes: Lucas Palmisano
Attachments: 1. RR22-1271_DEDO Resolution Request - Malone Fund, 2. DEDO Presentation - Malone Fund, 3. 22-1271 Filed Resolution_NewCommunityTransformationFund-Denver GP, LLC_202264977-00_10182022_BLM_Final, 4. 22-1271 Filed Agreement_NewCommunityTransformationFund-Denver_GP_LLC_202264977-00_10192022_BLM, 5. 22-1271 Filed Resolution_NewCommunityTransformationFund-Denver GP, LLC_202264977-00_10182022_BLM_Final, 6. 22-1271 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-10-2022

Requesting Agency: Denver Economic Development and Opportunity
Division:

Subject Matter Expert Name: Michael Bevis
Email Address: Michael.Bevis@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 Agreement with New Community Transformation Fund - Denver GP, LLC, to provide technical and capital support to qualifying small business entrepreneurs, citywide.
Approves a contract with New Community Transformation Fund - Denver GP, LLC, for $15,187,405 funded by 1% of Denver's retail special cannabis sales tax and through 7-30-2025, with two one-year options to extend, to provide technical and capital support to qualifying small business entrepreneurs, citywide (202264977). The last regularly scheduled Council meeting within the 30-day review period is on 11-14-2022. The Committee approved filing this item at its meeting on 10-12-2022.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: 202264977

Vendor/Contractor Name (including any "DBA"): New Community Transformation Fund - Denver

Type and Scope of services to be performed: See Executive Summary

* Develop an ecosystem of technical assistance and professional service partners qualified to provide supports?
* Develop a pipeline of companies that will be supported with capital readiness resources and hands-on technical assistance and/or pr...

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