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File #: 18-0653    Version: 1
Type: Resolution Status: Adopted
File created: 6/4/2018 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 6/25/2018 Final action: 6/25/2018
Title: A resolution approving a loan agreement between the City and County of Denver and Tammen Hall Apartments LLC to support the rehabilitation of property at 1010 East 19th Avenue that will contain affordable housing. Approves a $735,000 cash flow loan to Tammen Hall Apartments LLC to support the rehabilitation of 49 units of age- and income-restricted affordable housing at Tammen Hall located at 1010 E. 19th Avenue in Council District 9 (OEDEV-201736222-00). The last regularly scheduled Council meeting within the 30-day review period is on 7-16-18. The Committee approved filing this item at its meeting on 6-13-18.
Indexes: Shelley Smith
Attachments: 1. RR18 0653 OED Tammen Hall 060418, 2. Final_18-0653_Resolution_TammenHallApartmentsLLC_201736222-00_061818_ACH.pdf, 3. 18-0653_Agreement_201736222-00_TammenHallApartmentsLLC_061918_ACH.pdf, 4. 18-0653 Filed Resolution_TammenHallApartmentsLLC_201736222-00_061818.pdf, 5. 18-0653 - signed

Contract Request Template (Contracts; IGAs; Leases)

 

Date Submitted: 6 4 18

 

Requesting Agency: OED

                               Division:

 

Subject Matter Expert Name: Susan Liehe
Email Address:
Phone Number:

 

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 loan agreement between the City and County of Denver and Tammen Hall Apartments LLC to support the rehabilitation of property at 1010 East 19th Avenue that will contain affordable housing.

Approves a $735,000 cash flow loan to Tammen Hall Apartments LLC to support the rehabilitation of 49 units of age- and income-restricted affordable housing at Tammen Hall located at 1010 E. 19th Avenue in Council District 9 (OEDEV-201736222-00). The last regularly scheduled Council meeting within the 30-day review period is on 7-16-18.  The Committee approved filing this item at its meeting on 6-13-18.

body

 

Affected Council District(s) or citywide?

9

Contract Control Number:

OEDEV-201736222-00

Vendor/Contractor Name (including any “DBA”):

Tammen Hall Apartments LLC

Type and Scope of services to be performed:

to support the rehabilitation of 49 units of age- and income-restricted affordable housing at Tammen Hall, located at 1010 E. 19th Avenue

Location (if applicable):

1010 E. 19th Avenue

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):

 

Are WBE/MBE/DBE goals met (if applicable)?

 

Is the contract new/a renewal/extension or amendment?

New

 

Was this contractor selected by competitive process or sole source?

                     

For New contracts

Term of initial contract:

 

Options for Renewal:

                     How many renewals (i.e. up to 2 renewals)?

                     Term of any renewals (i.e. 1 year each):

 

Cost of initial contract term:

 

Cost of any renewals:

 

Total contract value council is approving if all renewals exercised:

 

For Amendments/Renewals Extensions:

Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?

 

If length changing

What was the length of the term of the original contract?

 

What is the length of the extension/renewal?

 

What is the revised total term of the contract?

 

If cost changing

What was the original value of the entire contract prior to this proposed change?

 

What is the value of the proposed change?

 

What is the new/revised total value including change?

 

If terms changing

Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)