City and County of Denver - File #: 18-1278

• File #: 18-1278
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 10/30/2018
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 12/3/2018
• Final action: 12/3/2018
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Walnut Street Lofts, LLLP to construct a structure at 3733 Walnut Street containing 66 units of income-restricted housing. Approves a loan agreement with Medici Development LLC., doing business as Walnut Street Lofts, LLLP for $1,350,000 to support the construction of 66 units of income-restricted housing for residents earning between 0% and 60% of area median income, located at 3601, 3733, and 3789 Walnut Street in Council District 9 (OEDEV-201844238-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-17-18. The Committee approved filing this item at its meeting on 11-14-18.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
12/4/2018	1	Council President	signed
12/3/2018	1	City Council	adopted	Pass
11/14/2018	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-30-18

Requesting Agency: Office of Economic Development
Division:

Subject Matter Expert Name:

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 Walnut Street Lofts, LLLP to construct a structure at 3733 Walnut Street containing 66 units of income-restricted housing.
Approves a loan agreement with Medici Development LLC., doing business as Walnut Street Lofts, LLLP for $1,350,000 to support the construction of 66 units of income-restricted housing for residents earning between 0% and 60% of area median income, located at 3601, 3733, and 3789 Walnut Street in Council District 9 (OEDEV-201844238-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-17-18. The Committee approved filing this item at its meeting on 11-14-18.
body

Affected Council District(s) or citywide? CD 9

Contract Control Number: OEDEV-201844238-00

Vendor/Contractor Name (including any "DBA"): Medici Development LLC., doing business as Walnut Street Lofts LLLP

Type and Scope of services to be performed:
Medici Development, LLC plans to construct housing at 3601-3789 Walnut Street, a structure containing 66 units, of which seven will be covered by p...