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File #: 24-0742    Version: 1
Type: Resolution Status: Adopted
File created: 5/27/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 6/17/2024 Final action: 6/17/2024
Title: A resolution approving a proposed Funding Agreement between the City and County of Denver and Elevation Community Land Trust to assist in the acquisition costs of sixty-two (62) income-restricted homeownership units located at 2907-2915 Welton Street in Council District 9. Approves a funding agreement with Elevation Community Land Trust for $1,605,000 to assist with the acquisition costs associated with the development of sixty-two (62) income-restricted homeownership units located at 2907-2915 Welton Street in Council District 9 (HOST-202474063). The last regularly scheduled Council meeting within the 30-day review period is on 7-8-2024. The Committee approved filing this item at its meeting on 6-5-2024.
Indexes: Anne Wallace
Attachments: 1. RR24-0742_HOST_-29th Welton-Funding Agreement, 2. 24-0742 Filed Resolution_Elevation Community Land Trust_202474063 06.10.pdf, 3. 24_0742_Agmt_Elevation_Community_Land_Trust_Funding_Agreement_2024_$1605000_ARPA_29th_&_Welton, 4. 24-0742 Filed Resolution_Elevation Community Land Trust, 5. 24-0742_signed.pdf

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 6-03-2024

 

Requesting Agency: Department of Housing Stability

                               Division:

 

Subject Matter Expert Name: Alex Marqusee
Email Address:
Alexander.Marqusee@denvergov.org <mailto:Alexander.Marqusee@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 Funding Agreement between the City and County of Denver and Elevation Community Land Trust to assist in the acquisition costs of sixty-two (62) income-restricted homeownership units located at 2907-2915 Welton Street in Council District 9.

Approves a funding agreement with Elevation Community Land Trust for $1,605,000 to assist with the acquisition costs associated with the development of sixty-two (62) income-restricted homeownership units located at 2907-2915 Welton Street in Council District 9 (HOST-202474063). The last regularly scheduled Council meeting within the 30-day review period is on 7-8-2024. The Committee approved filing this item at its meeting on 6-5-2024.

body

 

Affected Council District(s) or citywide?

Council District 9

 

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?