City and County of Denver - File #: 17-0767

• File #: 17-0767
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 7/5/2017
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 7/24/2017
• Final action: 7/24/2017
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Rocky Mountain Mutual Housing Association, Inc. to finance the development of a 130 unit affordable housing project. Approves a loan agreement with Rocky Mountain Mutual Housing Association, Inc. for $1.3 million to provide construction and permanent financing on a 130-unit affordable rental housing project known as Arroyo Village Apartments at 1290 North King Street, 1299 North Knox Court, and 345 West 13th Street in Council District 3 (OEDEV-201734509). 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.
• Indexes: Debra Bartleson

Date	Ver.	Action By	Action	Result
7/25/2017	1	Council President	signed
7/24/2017	1	City Council	adopted	Pass
7/12/2017	1	Safety, Housing, Education & Homelessness Committee	approved by consent

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 Loan Agreement between the City and County of Denver and Rocky Mountain Mutual Housing Association, Inc. to finance the development of a 130 unit affordable housing project.
Approves a loan agreement with Rocky Mountain Mutual Housing Association, Inc. for $1.3 million to provide construction and permanent financing on a 130-unit affordable rental housing project known as Arroyo Village Apartments at 1290 North King Street, 1299 North Knox Court, and 345 West 13th Street in Council District 3 (OEDEV-201734509). 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 District 3

Contract Control Number: OEDEV-201734509

Vendor/Contractor Name (including any "DBA"): Rocky Mountain Mutual Housing Association, Inc

Type and Scope of services to be performed: Creates a loan agreement between the Denver Office of Economic Development and Rocky Mountain Mutual Housing Association, Inc. for $1,300,000 in general funds structured as a forgivable loan to provide construction and permanent financing on a 130-unit affordable rental housing project known as Arroyo Village Apa...