City and County of Denver - File #: 18-1418

• File #: 18-1418
• Version: 1
• Type: Bill
• Status: Passed
• File created: 11/20/2018
• In control: Finance & Governance Committee
• On agenda: 1/2/2019
• Final action: 1/2/2019
• Title: A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and Clayton Lane Investors, LLC, for the sale of 198 parking spaces in the Clayton Lane parking structure in Cherry Creek North. Approves a purchase and sale agreement with Clayton Lane Investors LLC for $6,000,000 for the sale of 198 parking spaces in the Cherry Creek North parking garage in Council District 10 (FINAN-201846108-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-7-19. The Committee approved filing this item at its meeting on 11-27-18.
• Indexes: Jonathan Griffin

Date	Ver.	Action By	Action	Result
1/4/2019	1	Mayor	signed
1/3/2019	1	Council President	signed
1/2/2019	1	City Council	placed upon final consideration and do pass	Pass
12/17/2018	1	City Council	ordered published on first reading
11/27/2018	1	Finance & Governance Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-20-18

Requesting Agency: Finance
Division:

Subject Matter Expert Name:
Lisa Lumley
Lisa.lumley@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 bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and Clayton Lane Investors, LLC, for the sale of 198 parking spaces in the Clayton Lane parking structure in Cherry Creek North.
Approves a purchase and sale agreement with Clayton Lane Investors LLC for $6,000,000 for the sale of 198 parking spaces in the Cherry Creek North parking garage in Council District 10 (FINAN-201846108-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-7-19. The Committee approved filing this item at its meeting on 11-27-18.
body

Affected Council District(s) or citywide? CD 10

Contract Control Number: FINAN-201846108-00

Vendor/Contractor Name (including any "DBA"): Clayton Lane Investors LLC

Type and Scope of services to be performed:
Purchase and sale agreement with Clayton Lane Investors LLC to sell 198 parking spaces in the Cherry Creek North garage City owned parking spaces located at the former Sears project site in Cherry Creek North (CCMU Parking Structure). The City owns a condominium interest in 198 parking space in the Cherry Creek North garage. The garage will be demolished during redevelopment of the block. The condo declarations allow for the City to sell only to another condo owner. The City will...