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File #: 18-0961    Version: 1
Type: Resolution Status: Adopted
File created: 8/27/2018 In control: Finance & Governance Committee
On agenda: 9/17/2018 Final action: 9/17/2018
Title: A resolution approving and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $11,000,000 of Multifamily Housing Revenue Bonds for The Colburn. Declares the intent of the City to issue an amount not to exceed $11 million of Multifamily Housing Revenue bonds by Gorman and Company, LLC to finance The Colburn project to acquire and rehabilitate the Colburn Hotel including 68 units at 60% Area Median Income and 23 units at 30% AMI located at 980 Grant Street in Council District 10. The Committee approved filing this item at its meeting on 9-4-18.
Indexes: Shelley Smith
Attachments: 1. RR18 0961 DOF Colburn, 2. 18-0961_Filed Resolution_Denver Colburn 2018 Inducement, 3. 18-0961_Filed Resolution_Denver Colburn 2018 Inducement.pdf, 4. 18-0961 - signed
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 8-28-18

Requesting Agency: Finance
Division:

Subject Matter Expert:

Name: Michael Kerrigan
Email: Michael.Kerrigan@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 and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $11,000,000 of Multifamily Housing Revenue Bonds for The Colburn.
Declares the intent of the City to issue an amount not to exceed $11 million of Multifamily Housing Revenue bonds by Gorman and Company, LLC to finance The Colburn project to acquire and rehabilitate the Colburn Hotel including 68 units at 60% Area Median Income and 23 units at 30% AMI located at 980 Grant Street in Council District 10. The Committee approved filing this item at its meeting on 9-4-18.
body

Affected Council District(s) or citywide? Council District 10

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
The proposed resolution is to declare the intent of the City and County of Denver, Colorado to issue an amount not to exceed $11,000,000 of its Multifamily Housing Revenue Bonds by Gorman and Company, LLC for the proposed Colburn projected located at 980 Gran...

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