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Title:
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A bill for an ordinance approving a proposed First Amendment and Modification Agreement between the City and County of Denver and Denver Rescue Mission, to modify the terms and conditions of the Loan Agreement.
(BUSINESS, WORKFORCE & SUSTAINABILITY) Amends the existing loan agreement to increase allowable prior encumbrances from $5,300,000 to $7,000,000 to allow Denver Rescue Mission to rehabilitate an existing facility and construct a new facility at 6090 E. Smith Rd in Council District 11 (GE5A030). The last regularly scheduled Council meeting within the 30-day review period is on 6-24-13. The Committee approved filing this bill at its meeting on 5-15-13.
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