City and County of Denver - File #: 18-0437

• File #: 18-0437
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 4/24/2018
• In control: Finance & Governance Committee
• On agenda: 5/21/2018
• Final action: 5/21/2018
• Title: A resolution approving a proposed Funding and Assignment Agreement between the City and County of Denver and The Denver Art Museum to allow bond proceeds to be transferred from the city to the cultural facility for funding of construction renovations and transportation improvements to the north building, as approved by the voters in the 2017 General Obligation Bond package. Approves a funding and assignment agreement with The Denver Art Museum for the construction of improvements totaling an amount not to exceed $35.5 million as approved by voters in the 2017 General Obligation Bond package. The last regularly scheduled Council meeting within the 30-day review period is on 6-11-18. The Committee approved filing this item at its meeting on 5-1-18.

Date	Ver.	Action By	Action	Result
5/22/2018	1	Council President	signed
5/21/2018	1	City Council	adopted	Pass
5/1/2018	1	Finance & Governance Committee	approved for filing	Pass

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 4-24-18

Requesting Agency: Finance

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 Funding and Assignment Agreement between the City and County of Denver and The Denver Art Museum to allow bond proceeds to be transferred from the city to the cultural facility for funding of construction renovations and transportation improvements to the north building, as approved by the voters in the 2017 General Obligation Bond package.
Approves a funding and assignment agreement with The Denver Art Museum for the construction of improvements totaling an amount not to exceed $35.5 million as approved by voters in the 2017 General Obligation Bond package. The last regularly scheduled Council meeting within the 30-day review period is on 6-11-18. The Committee approved filing this item at its meeting on 5-1-18.
body

Affected Council District(s) or citywide?

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
In November 2017, voters approved a General Obligation Bond measure which included City authorization to issue a total of $116,907,000 for cultural facilities improvements (Measure 2B). In support of the GO bond vote, this resolution request seeks approval for a Funding and Assignment Agreement between the City and County of Denver and the Denver Art Museum for the construction of renovations and transportation...