City and County of Denver - File #: 17-1357

• File #: 17-1357
• Version: 1
• Type: Bill
• Status: Passed
• File created: 11/20/2017
• In control: Finance & Governance Committee
• On agenda: 1/2/2018
• Title: A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and KRF Arkansas, LLC to sell property located at 4201 E. Arkansas Avenue. Approves a purchase and sale agreement with KRF Arkansas, LLC for $651,250 to sell the property located at 4201 East Arkansas Avenue with plans to develop a portion of the land for commercial purposes and another for 150 housing units 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

Date	Ver.	Action By	Action	Result
1/9/2018	1	Council President	signed
1/9/2018	1	Mayor	signed
1/8/2018	1	City Council	placed upon final consideration and do pass	Pass
1/2/2018	1	City Council	ordered published on first reading
12/12/2017	1	Finance & Governance Committee	approved for filing	Pass

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 KRF Arkansas, LLC to sell property located at 4201 E. Arkansas Avenue.
Approves a purchase and sale agreement with KRF Arkansas, LLC for $651,250 to sell the property located at 4201 East Arkansas Avenue with plans to develop a portion of the land for commercial purposes and another for 150 housing units 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"):

Type and Scope of services to be performed: The property is approximately 12 acres. The City's purpose for entering into this transaction with KRF Arkansas, LLC is the development of the property ensuring consistent with existing neighborhood, area plans, and economic and job development within the City and County of Denver. Buyer plans to develop the western portion of the land for commercial purposes and develop the eastern portion for 150 housing units. The ...