Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 07-03-17
Requesting Agency: Office of Economic Development
Division:
* Name: Susan Liehe
* Phone: (720) 913-1689
* Email: susan.liehe@denvergov.org
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 Escrow Agreement between the City and County of Denver and U.S. Bank National Association, a national banking association and NAVA Lakehouse Limited Partnership, a Delaware limited partnership to satisfy off-site compliance for amended affordable housing plan for South Sloan Lake.
Approves an escrow agreement and the creation of an escrow account with NAVA Lakehouse Limited Partnership and U.S. Bank National Association in the amount of $906,568 to support the off-site construction of four affordable for-sale units available to households earning 65% to 80% of area median income (AMI) located at 2165 South Galapago Street in Council District 7 and meeting the requirement for a development located at South Sloan Lake in District 1 (FINAN-201733459-00). The last regularly scheduled Council meeting within the 30-day review period is on 8-14-17. The Committee approved filing this resolution by consent on 7-12-17.
body
Affected Council District(s) or citywide? Council Districts 1 & 7
Contract Control Number: FINAN-201733459-00
Vendor/Contractor Name (including any "DBA"): NAVA Lakehouse, Limited Partnership, and U.S. Bank National Association
Type and Scope of services to be performed: Approves an escrow agreement and th...
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