City and County of Denver - File #: 24-0343

• File #: 24-0343
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/11/2024
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 6/3/2024
• Final action: 6/3/2024
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Mental Health Center of Denver to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing in Council District 3. Approves a loan agreement with Mental Health Center of Denver, doing business as WellPower in the amount of $3,100,000 and a maturity date of 60 years from date of the Promissory Note and repayment forgiven so long as borrower is in compliance with all terms and conditions of Agreement, to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing, in Council District 3. (HOST-202472724). The last regularly scheduled Council meeting within the 30-day review period is on 6-17-2024. The Committee approved filing this item at its meeting on 3-20-2024.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
6/3/2024	1	Council President	signed
6/3/2024	1	Council President	signed
6/3/2024	1	City Council	adopted	Pass
3/20/2024	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 03-18-2024

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Laura Allen-Hatcher
Email Address: Laura.Allen-hatcher@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 Mental Health Center of Denver to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing in Council District 3.
Approves a loan agreement with Mental Health Center of Denver, doing business as WellPower in the amount of $3,100,000 and a maturity date of 60 years from date of the Promissory Note and repayment forgiven so long as borrower is in compliance with all terms and conditions of Agreement, to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing, in Council District 3. (HOST-202472724). The last regularly scheduled Council meeting within the 30-day review period is on 6-17-2024. The Committee approved filing this item at its meeting on 3-20-2024.
body

Affected Council District(s) or citywide?
Council District 3

Contract Control Number:
HOST-202472724

Vendor/Contractor Name (including any "DBA"):
Mental Health Center of Denver, doing business as WellPower

Type and Scope of services to be performed:
The 3-story building will be slab on grade and constructed with a mix o...