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File #: 18-1520    Version: 1
Type: Resolution Status: Adopted
File created: 12/17/2018 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 1/7/2019 Final action: 1/7/2019
Title: A resolution approving a proposed Amendatory Agreement between the City and County of Denver and Colorado Community Land Trust-Denver LLC to increase funds to support the construction of 14 units of affordable for-sale townhomes located at 6828-6880 Archer Place in Lowry. Amends a loan agreement with Colorado Community Land Trust by adding $140,000 for a new total of $700,000 due to increased construction costs for the construction of 14 units of permanently affordable for-sale townhomes located at 6828-6880 East Archer Place in Council District 5. No change to agreement duration (OEDEV-201736366-01). The last regularly scheduled Council meeting within the 30-day review period is on 1-28-19. The Committee approved filing this item at its meeting on 12-26-18.
Attachments: 1. RR18 1520 OED Boulevard One, 2. 18-1520 Filed Resolution_Colorado Community Land Trust-Denver LLC 201736366-01, 3. 18-1520 Amendatory Agreement Colorado Community Land Trust-Denver LLC 201736366-01, 4. 18-1520 Filed Resolution_Colorado Community Land Trust-Denver LLC 201736366-01.pdf, 5. 18-1520 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-18-18

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 Colorado Community Land Trust-Denver LLC to increase funds to support the construction of 14 units of affordable for-sale townhomes located at 6828-6880 Archer Place in Lowry.
Amends a loan agreement with Colorado Community Land Trust by adding $140,000 for a new total of $700,000 due to increased construction costs for the construction of 14 units of permanently affordable for-sale townhomes located at 6828-6880 East Archer Place in Council District 5. No change to agreement duration (OEDEV-201736366-01). The last regularly scheduled Council meeting within the 30-day review period is on 1-28-19. The Committee approved filing this item at its meeting on 12-26-18.
body

Affected Council District(s) or citywide? CD 55

Contract Control Number: OEDEV-201736366-01

Vendor/Contractor Name (including any "DBA"): Colorado Community Land Trust

Type and Scope of services to be performed:
The Colorado Community Land Trust (CCLT) is proposing to develop 14 for-sale townhomes to be located at 6828-6880 E. Archer Place ...

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