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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 Su Teatro, Inc., to take title to the property located at 215 S. Santa Fe Drive. (BUSINESS, WORKFORCE & SUSTAINABILITY) Amends a $1.525 million loan to Su Teatro, Inc. for the acquisition of 215 S. Santa Fe Drive, Denver and for some pre-development costs by modifying the existing current debt totaling $1,481,065.55 (which will require a deed in lieu of foreclosure) and reducing the loan balance and allowing it to be repaid via a performance loan. (GE6A121) The Committee approved filing this bill at its meeting on 11-7-12.
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