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File #: 17-1356    Version: 1
Type: Bill Status: Passed
File created: 12/12/2017 In control: Finance & Governance Committee
On agenda: 1/2/2018 Final action:
Title: A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and the State of Colorado, by and through its Department of Transportation, to purchase property located at 4201 E. Arkansas Avenue. Approves a purchase and sale agreement with the State of Colorado for $651,250 to purchase property located at 4201 East Arkansas Avenue, and work with an identified buyer to ensure ensuing development is consistent with existing neighborhood, area plans, and economic and job development in Council District 6. The last regularly scheduled Council meeting within the 30-day review period is on 1-22-18. The Committee approved filing this bill at its meeting on 12-12-17.
Indexes: Shelley Smith
Attachments: 1. Real Estate transaction presentation FINAL 11.27.17.pdf, 2. BR17 1356 DOF 4201 E Arkansas Purchase Request, 3. Real Estate transaction presentation FINAL 11.28.17.pdf, 4. 17-1356 Contract_StateCDOT.201738535 PUR 4201 E Arkansas Purchase Agreement, 5. 17-1356 Filed Ordinance_StatePURARK.201738535, 6. 17-1356_Filed Ordinance_StatePURARK, 7. 17-1356 - signed, 8. 17-1356 Filed Bill for an ordinance approving purchase adn sale agreement between city and state
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-21-17

Requesting Agency: Finance
Division: Real Estate

* Name: Jeffrey Steinberg or Lisa Lumley
* Phone: 720.865.7505 or 720.913.1515
* Email: Jeffrey.steinberg@denvergov.org or lisa.lumley@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 bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and the State of Colorado, by and through its Department of Transportation, to purchase property located at 4201 E. Arkansas Avenue.
Approves a purchase and sale agreement with the State of Colorado for $651,250 to purchase property located at 4201 East Arkansas Avenue, and work with an identified buyer to ensure ensuing development is consistent with existing neighborhood, area plans, and economic and job development in Council District 6. The last regularly scheduled Council meeting within the 30-day review period is on 1-22-18. The Committee approved filing this bill at its meeting on 12-12-17.
body

Affected Council District(s) or citywide? Council District 6

Contract Control Number:

Vendor/Contractor Name (including any "DBA"): State of Colorado

Type and Scope of services to be performed: The City is proposing to enter into a contract with CDOT to purchase property located at 4201 E. Arkansas Avenue. The property is approximately 12 acres. The City's interest in acquiring the property from the State of Colorado is the catalytic development of the property ensuring development ...

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