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File #: 18-0439    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 Center for the Performing Arts to allow bond proceeds to be transferred from the city to the cultural facility for construction of improvements, including the Stage and Ricketson Theatres, as approved by the voters in the 2017 General Obligation Bond package. Approves a funding and assignment agreement with The Denver Center for the Performing Arts for the construction of improvements totaling an amount not to exceed $19 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.
Attachments: 1. RR18 0439 DOF DCPA FAA, 2. 18-0439 Signed Agreement_DCPA_Center for Performing Arts.201841939, 3. 18-0439 Filed Resolution_GO Bonds 2018A-B_DCPA, 4. 18-0439 Filed Resolution_GO Bonds 2018A-B_DCPA.pdf, 5. 18-0439 - signed
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 Center for the Performing Arts to allow bond proceeds to be transferred from the city to the cultural facility for construction of improvements, including the Stage and Ricketson Theatres, as approved by the voters in the 2017 General Obligation Bond package.
Approves a funding and assignment agreement with The Denver Center for the Performing Arts for the construction of improvements totaling an amount not to exceed $19 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 Center for the Performing Arts for the const...

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