City and County of Denver - File #: 18-1462

• File #: 18-1462
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/3/2018
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 12/12/2018
• Final action: 1/2/2019
• Title: A resolution approving a proposed Amendatory Agreement between the City and County of Denver and Laradon West, LLC to revise the restrictions on use of property for an affordable housing development located at 5120 N. Broadway Avenue in Globeville-Elyria Swansea. Amends a loan agreement with Gorman & Company by revising the allocation of required HOME Investment Partnerships Program (HOME) units within the property to eliminate an overlap between those designated by the city and the State of Colorado Division of Housing, for the construction of 91 units of income-restricted rental housing at 5120 North Broadway in Council District 9. No change to contract amount or duration (OEDEV-201738563-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-22-19. The Committee approved filing this item at its meeting on 12-12-18.

Date	Ver.	Action By	Action	Result
1/4/2019	1	Council President	signed
1/2/2019	1	City Council	adopted	Pass
12/12/2018	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-4-18

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 Amendatory Agreement between the City and County of Denver and Laradon West, LLC to revise the restrictions on use of property for an affordable housing development located at 5120 N. Broadway Avenue in Globeville-Elyria Swansea.
Amends a loan agreement with Gorman & Company by revising the allocation of required HOME Investment Partnerships Program (HOME) units within the property to eliminate an overlap between those designated by the city and the State of Colorado Division of Housing, for the construction of 91 units of income-restricted rental housing at 5120 North Broadway in Council District 9. No change to contract amount or duration (OEDEV-201738563-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-22-19. The Committee approved filing this item at its meeting on 12-12-18.
body

Affected Council District(s) or citywide? CD 9

Contract Control Number: OEDEV-201738563-00

Vendor/Contractor Name (including any "DBA"): Gorman & Company

Type and Scope of services to be performed:
Gorman & Company, an affordable housing developme...