City and County of Denver - File #: 18-0802

• File #: 18-0802
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 7/17/2018
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 8/6/2018
• Final action: 8/6/2018
• Title: A resolution approving a proposed Escrow Agreement between the City and County of Denver, Curtis Park Group, LLC, Root Residential, LLC, and U.S. Bank National Association to satisfy an amended affordable housing plan for the S*Park project as an alternate to compliance with the Inclusionary Housing Ordinance. Approves an agreement with Curtis Park Group, LLC; Root Residential, LLC; and U.S. Bank National Association to create an escrow agreement for $3,596,953.08 to create 14 affordable multi-bedroom units located at 2642-2658 Arapahoe Street to satisfy the affordable housing requirements imposed for the S*Park development at 2500 and 2600 Arapahoe Street in Council District 9 (FINAN-201843335-00). The last regularly scheduled Council meeting within the 30-day review period is on 8-27-18. The Committee approved filing this item at its meeting on 7-25-18.
• Indexes: Shelley Smith

Date	Ver.	Action By	Action	Result
8/7/2018	1	Council President	signed
8/6/2018	1	City Council	adopted	Pass
7/25/2018	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 7-17-18

Requesting Agency: Office of Economic Development
Division:

Name: Susan Liehe 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 Escrow Agreement between the City and County of Denver, Curtis Park Group, LLC, Root Residential, LLC, and U.S. Bank National Association to satisfy an amended affordable housing plan for the S*Park project as an alternate to compliance with the Inclusionary Housing Ordinance.
Approves an agreement with Curtis Park Group, LLC; Root Residential, LLC; and U.S. Bank National Association to create an escrow agreement for $3,596,953.08 to create 14 affordable multi-bedroom units located at 2642-2658 Arapahoe Street to satisfy the affordable housing requirements imposed for the S*Park development at 2500 and 2600 Arapahoe Street in Council District 9 (FINAN-201843335-00). The last regularly scheduled Council meeting within the 30-day review period is on 8-27-18. The Committee approved filing this item at its meeting on 7-25-18.
body

Affected Council District(s) or citywide? Council District 9

Contract Control Number: FINAN-201843335-00

Vendor/Contractor Name (including any "DBA"):
Curtis Park Group LLC., Root Residential LLC., and US Bank N.A.
Type and Scope of services to be performed:
This is an alt...