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File #: 19-1337    Version: 1
Type: Bill Status: Passed
File created: 11/29/2019 In control: Finance & Governance Committee
On agenda: 1/6/2020 Final action: 1/6/2020
Title: A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and Brothers Redevelopment, Inc. for the city to convey the property located at 7900 East Colfax Avenue. Approves a purchase and sale agreement with Brothers Redevelopment, Inc. for $10 with a 99-year affordable housing deed restriction to sell city-owned vacant land located at 7900 East Colfax in Council District 5 (FINAN-201952186). The last regularly scheduled Council meeting within the 30-day review period is on 1-13-20. The Committee approved filing this item at its meeting on 12-10-19.
Indexes: Jonathan Griffin
Attachments: 1. BR19 1337 DOF 7900 E. Colfax Purchase and Sale, 2. BR19 1337 DOF 7900 E. Colfax Purchase and Sale Exec Summary, 3. 7900EColfaxAvenue_Slide Deck_121019_Final, 4. 19-1337 Filed Ordinance_Brothers Redevelopment Inc_201952186-00, 5. 19-1337 Brothers Redevelopment Inc. Purchase and Sale Agreement 7900 East Colfax Ave._201952186-00, 6. 19-1337 Filed Ordinance_Brothers Redevelopment Inc., 7. 19-1337 - signed, 8. 19-1337 Filed A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-29-19

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 bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and Brothers Redevelopment, Inc. for the city to convey the property located at 7900 East Colfax Avenue.
Approves a purchase and sale agreement with Brothers Redevelopment, Inc. for $10 with a 99-year affordable housing deed restriction to sell city-owned vacant land located at 7900 East Colfax in Council District 5 (FINAN-201952186). The last regularly scheduled Council meeting within the 30-day review period is on 1-13-20. The Committee approved filing this item at its meeting on 12-10-19.
body

Affected Council District(s) or citywide? Council District 5

Contract Control Number: FINAN-201952186

Vendor/Contractor Name (including any "DBA"): Brothers Redevelopment, Inc

Type and Scope of services to be performed:
In 2018, the City acquired 7900 East Colfax from Crosscheck, LLC for Six Hundred Fifty Thousand Dollars, with the specific intention of fostering an affordable housing development on-site. Following a comprehensive RFP process, DEDO/HOST has awarded BRI with an opportunity to purchase the property from the city. A 99-year restrictive covenant will be placed on the property.
Location (if applicable): 7900 E. Colfax Avenue

WBE...

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