City and County of Denver - File #: 19-0771

• File #: 19-0771
• Version: 1
• Type: Bill
• Status: Passed
• File created: 7/29/2019
• In control: Finance & Governance Committee
• On agenda: 8/26/2019
• Final action: 8/26/2019
• Title: A bill for an ordinance (I) authorizing and approving the City's sponsorship of the metroDPA Program; (II) authorizing the execution of all Program Documents; (III) authorizing the appointment of a Servicer, Escrow Agent, Administrator, and Program Monitor for the Program; (IV) allocating funds for down payment assistance; and (V) delegating the power to take all such actions as are necessary or appropriate to accomplish the foregoing. Authorizes and approves program documents for the City's sponsorship of the regional metroDPA Program, which includes authorizing the appointment of a Servicer, Escrow Agent, Administrator, and Program Monitor for the Program, allocation of funds for down payment assistance, and other program enhancements. The Committee approved filing this item at its meeting on 8-6-19.
• Indexes: Jonathan Griffin

Date	Ver.	Action By	Action	Result
8/28/2019	1	Mayor	signed
8/28/2019	1	Council President	signed
8/26/2019	1	City Council	placed upon final consideration and do pass	Pass
8/19/2019	1	City Council	ordered published on first reading
8/6/2019	1	Finance & Governance Committee	approved by consent	Pass

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 7-29-19

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Andrew Johnston - Finance
Email: andrew.johnston@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 (I) authorizing and approving the City's sponsorship of the metroDPA Program; (II) authorizing the execution of all Program Documents; (III) authorizing the appointment of a Servicer, Escrow Agent, Administrator, and Program Monitor for the Program; (IV) allocating funds for down payment assistance; and (V) delegating the power to take all such actions as are necessary or appropriate to accomplish the foregoing.
Authorizes and approves program documents for the City's sponsorship of the regional metroDPA Program, which includes authorizing the appointment of a Servicer, Escrow Agent, Administrator, and Program Monitor for the Program, allocation of funds for down payment assistance, and other program enhancements. The Committee approved filing this item at its meeting on 8-6-19.
body

Affected Council District(s) or citywide? Citywide

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
This request is for enhancements to the existing metroDPA Program. The metroDPA program is the homeownership assistance program that provides up to 6%...