City and County of Denver - File #: 17-1176

• File #: 17-1176
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 10/17/2017
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 11/6/2017
• Final action: 11/6/2017
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Denver Leased Housing Associates VI, LLLP for a loan for the development of new affordable housing. Approves a loan agreement with Leased Housing Associates VI, LLLP in the amount of $3 million through 4-30-19, to support the acquisition and construction of 252 units of affordable, income-restricted rental housing at 5810 Argonne Street in Council District 11 (OEDEV-201735583-00). The last regularly scheduled Council meeting within the 30-day review period is on 11-27-17. The Committee approved filing this resolution at its meeting on 10-25-17.

Date	Ver.	Action By	Action	Result
11/7/2017	1	Council President	signed
11/6/2017	1	City Council	adopted	Pass
10/25/2017	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-17-17

Requesting Agency: 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 Denver Leased Housing Associates VI, LLLP for a loan for the development of new affordable housing.
Approves a loan agreement with Leased Housing Associates VI, LLLP in the amount of $3 million through 4-30-19, to support the acquisition and construction of 252 units of affordable, income-restricted rental housing at 5810 Argonne Street in Council District 11 (OEDEV-201735583-00). The last regularly scheduled Council meeting within the 30-day review period is on 11-27-17. The Committee approved filing this resolution at its meeting on 10-25-17.
body

Affected Council District(s) or citywide? Council District 11

Contract Control Number: OEDEV-201735583-00

Vendor/Contractor Name (including any "DBA"): Dominium

Type and Scope of services to be performed:
Dominium, an integrated affordable housing development and property management firm based in Minneapolis, is proposing to develop a 252-unit affordable, income-restricted rental community adjacent to Pena Station, to be known as East Range Crossings. East Range Crossings will be located at 5810 Argonne Street. The City's cash flow loan will support the acquisition of the property and construction of the development; in add...