City and County of Denver - File #: 19-0698

• File #: 19-0698
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 7/8/2019
• In control: Finance & Governance Committee
• On agenda: 8/12/2019
• Final action: 8/12/2019
• Title: A resolution approving a proposed Lease Agreement between the City and County of Denver and CAGSPI 4650, LLC to meet the city's warehousing and storage needs while preserving future development opportunities located at 4650 Steele Street. Approves a lease agreement with CAGSPI 4650, LLC for $7,854,353.98 and for 87 months with an option to purchase, to lease approximately 120,907 square feet to meet the city's warehousing and storage needs while preserving future development opportunities of the site, located at 4650 Steele Street in Council District 9 (FINAN 201950262). The last regularly scheduled Council meeting within the 30-day review period is on 8-26-19. The Committee approved filing this item at its meeting on 7-23-19.
• Indexes: Jonathan Griffin

Date	Ver.	Action By	Action	Result
8/13/2019	1	Council President	signed
8/12/2019	1	City Council	adopted	Pass
7/23/2019	1	Finance & Governance Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 7-08-19

Requesting Agency: Finance
Division:

Subject Matter Expert Name: Lisa Lumley
Email Address: lisa.lumley@denvergov.org
Phone Number: 720.913.1515

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 Lease Agreement between the City and County of Denver and CAGSPI 4650, LLC to meet the city's warehousing and storage needs while preserving future development opportunities located at 4650 Steele Street.
Approves a lease agreement with CAGSPI 4650, LLC for $7,854,353.98 and for 87 months with an option to purchase, to lease approximately 120,907 square feet to meet the city's warehousing and storage needs while preserving future development opportunities of the site, located at 4650 Steele Street in Council District 9 (FINAN 201950262). The last regularly scheduled Council meeting within the 30-day review period is on 8-26-19. The Committee approved filing this item at its meeting on 7-23-19.
body

Affected Council District(s) or citywide? Council District 9

Contract Control Number: FINAN 201950262

Vendor/Contractor Name (including any "DBA"): CAGSPI 4650, LLC

Type and Scope of services to be performed:
Grants approval to execute a Lease Agreement between CCD, as tenant, and CAGSPI 4650, LLC, as landlord for the property located at 4650 Steele Street. In 2015, a neighborhood plan was created which identified 4650 Steele Street as a potential future employment town center with uses that include mixed use flex spa...