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File #: 19-1253    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 11/4/2019 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 12/2/2019 Final action: 12/2/2019
Title: A resolution approving a proposed Amendment and Modification Agreement between the City and County of Denver and Moline@Stapleton Apartments, LLLP to allow the City to subordinate its deed of trust to a land use restriction agreement. Amends an agreement with Moline@Stapleton Apartments, LLLP to add language allowing the City's loan to take a subordinate position to the Colorado Housing and Finance Authority's (CHFA) Land Use Restriction Agreement (LURA) to support the development of Moline@Stapleton Apartments, a 180 unit affordable housing community located at 2820 Moline Street in Council District 8. No change to agreement amount or duration (OEDEV-201735845-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-23-19. The Committee approved filing this item at its meeting on 11-13-19.
Indexes: Emily Lapel
Attachments: 1. RR19 1253 HOST Moline Stapleton, 2. Amendment re CHFA LURA 111319, 3. 19-1253 Filed Resolution Moline Stapleton Apartments LLLP_201952656-01 alfresco 201735845-01 Final 11272019, 4. 19-1253 Signed Amendment Modification Agreement_201952656-01 alfresco 201735845-01_Moline Stapleton Apartments LLLP_11272019, 5. 19-1253 Filed Resolution Moline Stapleton Apartments LLLP, 6. 19-1253 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-4-19

Requesting Agency: Department of Housing Stability
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 Amendment and Modification Agreement between the City and County of Denver and Moline@Stapleton Apartments, LLLP to allow the City to subordinate its deed of trust to a land use restriction agreement.
Amends an agreement with Moline@Stapleton Apartments, LLLP to add language allowing the City's loan to take a subordinate position to the Colorado Housing and Finance Authority's (CHFA) Land Use Restriction Agreement (LURA) to support the development of Moline@Stapleton Apartments, a 180 unit affordable housing community located at 2820 Moline Street in Council District 8. No change to agreement amount or duration (OEDEV-201735845-00). The last regularly scheduled Council meeting within the 30-day review period is on 12-23-19. The Committee approved filing this item at its meeting on 11-13-19.
body

Affected Council District(s) or citywide? Council District 8

Contract Control Number: OEDEV-201735845-00

Vendor/Contractor Name (including any "DBA"): Moline@Stapleton Apartments, LLLP

Type and Scope of services to be performed:
On January 11, 2018, the city executed a Loa...

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