City and County of Denver - File #: 16-0800

• File #: 16-0800
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/6/2016
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/3/2016
• Final action: 10/3/2016
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and CD-INCA LLC to finance for the acquisition of land for future mixed income housing located at 4001 Inca Street. Approves an agreement with CD-INCA, LLC in the amount of $2 million from Community Development Block Grant funds and $1 million from the OED Affordable Housing Fund (General Fund) for five years with the loan being structured as a repayable loan to assist in the financing for the land purchase for future mixed income housing located at 4001 Inca Street in the Sunnyside neighborhood in Council District 1 (OEDEV-201630376-00). The last regularly scheduled Council meeting within the 30-day review period is on 10-24-16. The Committee approved filing this resolution at its meeting on 9-14-16.
• Indexes: Debra Bartleson

Date	Ver.	Action By	Action	Result
10/6/2016	1	Clerk & Recorder	attestation
10/4/2016	1	Council President	signed
10/3/2016	1	City Council	adopted	Pass
9/14/2016	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 9/6/16

Requesting Agency: OED
Division:

* Subject Matter Expert Name:
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 Loan Agreement between the City and County of Denver and CD-INCA LLC to finance for the acquisition of land for future mixed income housing located at 4001 Inca Street.
Approves an agreement with CD-INCA, LLC in the amount of $2 million from Community Development Block Grant funds and $1 million from the OED Affordable Housing Fund (General Fund) for five years with the loan being structured as a repayable loan to assist in the financing for the land purchase for future mixed income housing located at 4001 Inca Street in the Sunnyside neighborhood in Council District 1 (OEDEV-201630376-00). The last regularly scheduled Council meeting within the 30-day review period is on 10-24-16. The Committee approved filing this resolution at its meeting on 9-14-16.
body

Affected Council District(s) or citywide? 1

Contract Control Number: OEDEV-201630376-00

Vendor/Contractor Name (including any "DBA"):
CD-Inca, LLC.
Type and Scope of services to be performed:
Loan
Location (if applicable):
4001 Inca Street
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
NA
Are WBE/MBE/DBE goals met (if applicable)?
NA
Is the contract new/a renewal/extension or amendment?
New
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