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File #: 17-0945    Version: 1
Type: Resolution Status: Adopted
File created: 8/17/2017 In control: Finance & Governance Committee
On agenda: 9/11/2017 Final action: 9/11/2017
Title: A resolution approving a proposed Agreement between the City and County of Denver and Valentia Building LLC for the purchase of 8315 E. Colfax Ave. for public purposes. Approves a Purchase and Sale Agreement with Valentia Building LLC for $1.3 million for acquisition of 8315 East Colfax Avenue in Council District 8 (FINAN 201736137-00). The last regularly scheduled Council meeting within the 30-day review period is on 10-2-17. The Committee approved filing this resolution at its meeting on 8-22-17.
Attachments: 1. RR17 0945 DOF 8315 E Colfax Request, 2. 8315Colfaxslaematerials.pdf, 3. Handout - 8315 E Colfax - Council Committee - 2017-08-22.pdf, 4. 17-0945_Filed Resolution_Valentia Building LLC.201736137-00, 5. 17-0945_Purchase and Sale Agreement Final.201736137-00, 6. 17-0945 Filed Resolution_Valentia Building LLC.201736137-00.pdf, 7. 17-0945 - signed.pdf
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 08-15-17

Requesting Agency: Finance
Division: Real Estate

* Name: Lisa Lumley Jeff Steinberg
* Phone: 720.913.1515/ 720.865.7505
* Email: lisa.lumley@denvergov.org/ Jeffrey.steinber@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 Agreement between the City and County of Denver and Valentia Building LLC for the purchase of 8315 E. Colfax Ave. for public purposes.
Approves a Purchase and Sale Agreement with Valentia Building LLC for $1.3 million for acquisition of 8315 East Colfax Avenue in Council District 8 (FINAN 201736137-00). The last regularly scheduled Council meeting within the 30-day review period is on 10-2-17. The Committee approved filing this resolution at its meeting on 8-22-17.
body

Affected Council District(s) or citywide? Council District 8

Contract Control Number: FINAN 201736137-00

Vendor/Contractor Name (including any "DBA"): Valentia Building LLC.

Type and Scope of services to be performed: The City is acquiring the parcel for future affordable housing development using CDBG funds. At least 51% of housing units constructed on the parcel will be affordable to low- and moderate-income residents, meeting the HUD Low Mod Housing National Objective.


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? ...

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