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Title:
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A bill for an ordinance approving a proposed Third Amendment and Modification Agreement between the City and County of Denver and Glenarm Residences, LLC, to modify the terms and conditions of the Loan Agreement.
(BUSINESS, WORKFORCE & SUSTAINABILITY) Amends provisions of a loan which provided a $920,000 loan to Glenarm Residences LLC for the acquisition of property located at Glenarm and Park Ave by extending the maturity date, modifying rthe epayment schedule, and securing additional collateral to assure repayment. The last regularly scheduled Council meeting within the 30-day review period is on 12-26-12. The Committee approved filing this bill at its meeting on 10-24-12.
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