Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 4-17-18
Requesting Agency: Office of Economic Development
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 Laradon West, LLC for development of affordable housing units.
Approves a $1,820,000 loan agreement with Laradon West, LLC (Gorman & Company, developer) for thirty-one months for the construction of 91 units of income-restricted rental housing at Laradon Homes located at 5120 North Broadway in Council District 9 (OEDEV-201738563-00). The last regularly scheduled Council meeting within the 30-day review period is on 5-21-18. The Committee approved filing this resolution by consent on 4-25-18.
body
Affected Council District(s) or citywide? Council District 9
Contract Control Number: OEDEV-201738563-00
Vendor/Contractor Name (including any "DBA"): Gorman & Company
Type and Scope of services to be performed:
Approves a $1,820,000 cash flow loan to Gorman & Company to support the construction of 91 units of income-restricted rental housing at Laradon Homes, an affordable housing development located at 5120 N. Broadway Avenue in Globeville/Elyria-Swansea. Twenty-two of the 91 units will be supported by Section 811 project-based vouchers and reserved for senior and disabled residents.
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 ...
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