Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 6-6-2022
Requesting Agency: Department of Finance
Division: Real Estate
Subject Matter Expert Name: Lisa Lumley
Email Address: Lisa.Lumley@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 Second Amendment to Lease Agreement between the City and County of Denver and PRRC LLC to change the rent commencement date under the Lease Agreement.
Amends a lease with PRRC, LLC for city owned property at 3300 Kalamath Street in Council District 1 to change the rent commencement date to the earlier of completion of parking lot improvements or 7-1-22 and changes the termination date to 6-3-2032 (FINAN-202157861-02). The last regularly scheduled Council meeting within the 30-day review period is on 7-18-22. The Committee approved filing this item at its meeting on 6-14-22.
body
Affected Council District(s) or citywide? 1
Contract Control Number: FINAN-202157861-02
Vendor/Contractor Name (including any "DBA"): PRRC, LLC
Type and Scope of services to be performed: parking lot lease agreement
The City leases approximately 210,250 square feet of land at 3300 N. Kalamath, adjacent to Cuernavaca Park, to PRRC for use as a parking lot to be constructed by PRRC.
The existing lease calls for rent to commence upon the earlier of completion of parking lot improvements or January 5, 2022, whichever is sooner. As of June 6, 2022, the improvements have not yet been constructed.
This Second Amendment change...
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