Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 10-16-18
Requesting Agency: Office of Economic Development
Division:
Subject Matter Expert:
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Name: Susan Liehe 720-913-1689 |
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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 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.)