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File #: 16-1043    Version: 1
Type: Resolution Status: Adopted
File created: 10/24/2016 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 11/14/2016 Final action: 11/14/2016
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Sable Ridge Apartments, LLC to develop an affordable housing project known as Sable Ridge Apartments. Approves a new loan agreement with Sable Ridge Apartments, LLC for $1 million of Skyline HSG funds (previously disbursed under a separate loan agreement) for the construction of 60 senior affordable apartments in Council District 11. The last regularly scheduled Council meeting within the 30-day review period is on 12-5-16. The Committee approved filing this resolution by consent on 11-2-16.
Indexes: Debra Bartleson
Attachments: 1. RR16 1043 Request, 2. 16-1043_Filed Resolution_Sable Ridge Apartments.201629086-00, 3. 16-1043 Loan Agreement_Sable Ridge Apartments.201629086-00, 4. 16-1043 - final.pdf

Contract Request Template (Contracts; IGAs; Leases)

 

Date Submitted: 10-25-16

 

Requesting Agency: OED

                               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 Loan Agreement between the City and County of Denver and Sable Ridge Apartments, LLC to develop an affordable housing project known as Sable Ridge Apartments.

Approves a new loan agreement with Sable Ridge Apartments, LLC for $1 million of Skyline HSG funds (previously disbursed under a separate loan agreement) for the construction of 60 senior affordable apartments in Council District 11.  The last regularly scheduled Council meeting within the 30-day review period is on 12-5-16.  The Committee approved filing this resolution by consent on 11-2-16.

body

 

Affected Council District(s) or citywide? CD11

 

Contract Control Number: OEDEV-201629086

 

Vendor/Contractor Name (including any “DBA”): Sable Ridge Apartments, LLC.

 

Type and Scope of services to be performed:

 

Location (if applicable):

 

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):

 

Are WBE/MBE/DBE goals met (if applicable)?

 

Is the contract new/a renewal/extension or amendment?

 

Was this contractor selected by competitive process or sole source?

                     

For New contracts

Term of initial contract:

 

Options for Renewal:

                     How many renewals (i.e. up to 2 renewals)?

                     Term of any renewals (i.e. 1 year each):

 

Cost of initial contract term:

 

Cost of any renewals:

 

Total contract value council is approving if all renewals exercised:

 

For Amendments/Renewals Extensions:

Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?

 

If length changing

What was the length of the term of the original contract?

 

What is the length of the extension/renewal?

 

What is the revised total term of the contract?

 

If cost changing

What was the original value of the entire contract prior to this proposed change?

 

What is the value of the proposed change?

 

What is the new/revised total value including change?

 

If terms changing

Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)