City and County of Denver - File #: 19-1253

• File #: 19-1253
• Version: 1
• 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

Date	Ver.	Action By	Action	Result
12/3/2019	1	Council President	signed
12/2/2019	1	City Council	adopted	Pass
11/13/2019	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

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...