City and County of Denver - File #: 18-0296

• File #: 18-0296
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/12/2018
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 3/19/2018
• Final action: 4/16/2018
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Habitat For Humanity Of Metro Denver, Inc. to lend money for purchase of real property to be used for affordable housing. Approves a five-year $1,750,000 loan agreement with Habitat for Humanity of Metro Denver (Habitat) so that Habitat can acquire vacant land and build 32 townhomes for families at and up to 80% Area Median Income at 4301 Elizabeth Street, 4349 Elizabeth Street, 4348 Columbine Street, and 2500 East 44th Avenue in Council District 9 (OEDEV-201736287-00). The last regularly scheduled Council meeting within the 30-day review period is on 5-7-18. The Committee approved filing this resolution at its meeting on 3-28-18.
• Indexes: Debra Bartleson

Date	Ver.	Action By	Action	Result
4/17/2018	1	Council President	signed
4/16/2018	1	City Council	adopted	Pass
3/28/2018	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass
3/21/2018	1	Business, Arts, Workforce, & Aeronautical Services Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 03-13-18

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 Habitat For Humanity Of Metro Denver, Inc. to lend money for purchase of real property to be used for affordable housing.
Approves a five-year $1,750,000 loan agreement with Habitat for Humanity of Metro Denver (Habitat) so that Habitat can acquire vacant land and build 32 townhomes for families at and up to 80% Area Median Income at 4301 Elizabeth Street, 4349 Elizabeth Street, 4348 Columbine Street, and 2500 East 44th Avenue in Council District 9 (OEDEV-201736287-00). The last regularly scheduled Council meeting within the 30-day review period is on 5-7-18. The Committee approved filing this resolution at its meeting on 3-28-18.
body

Affected Council District(s) or citywide? CD 9

Contract Control Number: OEDEV-201736287-00


Vendor/Contractor Name (including any "DBA"): Habitat for Humanity of Metro Denver

Type and Scope of services to be performed:
Provides a $1,750,000 performance loan to Habitat for Humanity of Metro Denver to acquire vacant land from Denver Housing Authority on which to build 32 three- and four-bedroom townhomes (16 duplexes) for families at up to 80% AMI in Elyria-Swansea at 43rd and Elizabeth. This project was originally envisione...