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File #: 19-1117    Version: 1 Name:
Type: Bill Status: Passed
File created: 10/14/2019 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 11/18/2019 Final action: 11/18/2019
Title: A bill for an ordinance authorizing the issuance and sale of an amount not to exceed $22,000,000 of City and County of Denver, Colorado Multifamily Housing Revenue Notes (The Stella Project) Series 2019 for the purpose of financing the construction, rehabilitation, improvement and equipping of a multifamily residential rental housing development to be occupied by low- and middle-income families and persons in the City and County of Denver, Colorado and to pay certain expenses of such Notes (as defined below) issue; approving and authorizing execution of a Funding Loan Agreement, a Project Loan Agreement and a Tax Regulatory Agreement (each as defined below) with respect to the Notes; making findings and determinations with respect to the Project (as defined below) and the Notes; authorizing the execution and delivery of related documents; and repealing all action heretofore taken in conflict herewith. Authorizes and approves the use of an amount not to exceed $22,000,000 of Private Act...
Indexes: Emily Lapel
Attachments: 1. BR19 1117 DOF The Stella PAB, 2. The Stella PAB Presentation- SAFETY Committee 10-23-19, 3. 19-1117 Filed Bill_Denver - The Stella - 2019 Bond Ordinance, 4. 19-1117 (a) Denver - The Stella - 2019 Funding Loan Agreement, 5. 19-1117 (b) Denver - The Stella - 2019 Project Loan Agreement, 6. 19-1117 (c) Denver - The Stella - 2019 Tax Regulatory Agreement, 7. 19-1117 (d) CHASE_Laradon NW_Assignment of Deed of Trust and Security Documents (2)-C1, 8. 19-1117 Filed Bill_Denver - The Stella - 2019 Bond Ordinance, 9. 19-1117 - signed, 10. 19-1117 Filed ASeries 2019 for the purpose of financing the construction, rehabilitation, improvement and equipping of a multifamily residential rental housing development
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 10-14-19

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Michael Kerrigan - Finance

Email: michael.kerrigan@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 authorizing the issuance and sale of an amount not to exceed $22,000,000 of City and County of Denver, Colorado Multifamily Housing Revenue Notes (The Stella Project) Series 2019 for the purpose of financing the construction, rehabilitation, improvement and equipping of a multifamily residential rental housing development to be occupied by low- and middle-income families and persons in the City and County of Denver, Colorado and to pay certain expenses of such Notes (as defined below) issue; approving and authorizing execution of a Funding Loan Agreement, a Project Loan Agreement and a Tax Regulatory Agreement (each as defined below) with respect to the Notes; making findings and determinations with respect to the Project (as defined below) and the Notes; authorizing the execution and delivery of related documents; and repealing all action heretofore taken in conflict herewith.
Authorizes and approves the use of an amount not to exceed $22,000,000 of Private Activity Bond Volume Cap Allocation to support the construction, rehabilitation, improvement and equipping of a multifamily residential rental housing development known as the Stella Project, a resi...

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