City and County of Denver - File #: 18-1188

• File #: 18-1188
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 10/15/2018
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 11/13/2018
• Final action: 11/13/2018
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Marycrest Apartments, LLC for construction of 65 units of income-restricted housing at 2777 West Parkside Place. Approves a loan agreement with Marycrest Apartments, LLC for $700,000 and for three years to support the construction of 65 units of income-restricted housing for residents earning between 30% and 60% of area median income at 2777 West Parkside Place in Council District 9 (OEDEV-201843603-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-3-18. The Committee approved filing this item at its meeting on 10-24-18.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
11/14/2018	1	Council President	signed
11/13/2018	1	City Council	adopted	Pass
10/24/2018	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-16-18

Requesting Agency: Office of Economic Development
Division:

Subject Matter Expert:

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 Loan Agreement between the City and County of Denver and Marycrest Apartments, LLC for construction of 65 units of income-restricted housing at 2777 West Parkside Place.
Approves a loan agreement with Marycrest Apartments, LLC for $700,000 and for three years to support the construction of 65 units of income-restricted housing for residents earning between 30% and 60% of area median income at 2777 West Parkside Place in Council District 9 (OEDEV-201843603-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-3-18. The Committee approved filing this item at its meeting on 10-24-18.
body

Affected Council District(s) or citywide?

Contract Control Number: OEDEV-201843603-00

Vendor/Contractor Name (including any "DBA"): Marycrest Apartments LLC

Type and Scope of services to be performed:

Location (if applicable):

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?

Was this contractor se...