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File #: 20-0092    Version: 1
Type: Resolution Status: Adopted
File created: 1/27/2020 In control: Finance & Governance Committee
On agenda: 6/29/2020 Final action: 7/13/2020
Title: A resolution approving a proposed Purchase and Sale Agreement between the City and County of Denver and Rental Madness, LLC for the purchase of real property located at 5090 West 8th Avenue, Denver, Colorado. Approves a purchase and sale agreement with Rental Madness, LLC for $784,588 for the City to acquire 28,021 square feet of vacant land in support of the Wastewater Lakewood Gulch project which is a partnership between the City and County of Denver and the Mile High Flood District, to include improvements to Lakewood Gulch to reduce the extent of the 100-year floodplain, extend the existing multi-use recreation trail and improve public safety, located at 5090 West 8th Avenue in Council District 3. The last regularly scheduled Council meeting within the 30-day review period is on 7-20-20. The Committee approved filing this item at its meeting on 2-4-20.
Indexes: Zach Rothmier
Attachments: 1. RR20 0092 DOF PSA Lakewood Gulch 5090 W 8th Ave parcel Map, 2. RR20 0092 DOF PSA Lakewood Gulch 5090 W 8th Ave parcel, 3. 20-0092 Filed Resolution_RentalMadnessLLC_202053802-00.pdf, 4. 20-0092 PSA_RentalMadness_202053802-00.pdf, 5. 20-0092 Filed Resolution_RentalMadnessLLC, 6. 20-0092 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 1-27-20

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Lisa Lumley
Email: lisa.lumley@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 Purchase and Sale Agreement between the City and County of Denver and Rental Madness, LLC for the purchase of real property located at 5090 West 8th Avenue, Denver, Colorado.
Approves a purchase and sale agreement with Rental Madness, LLC for $784,588 for the City to acquire 28,021 square feet of vacant land in support of the Wastewater Lakewood Gulch project which is a partnership between the City and County of Denver and the Mile High Flood District, to include improvements to Lakewood Gulch to reduce the extent of the 100-year floodplain, extend the existing multi-use recreation trail and improve public safety, located at 5090 West 8th Avenue in Council District 3. The last regularly scheduled Council meeting within the 30-day review period is on 7-20-20. The Committee approved filing this item at its meeting on 2-4-20.
body

Affected Council District(s) or citywide? Council District 3

Contract Control Number:

Vendor/Contractor Name (including any "DBA"): RENTAL MADNESS, LLLC

Type and Scope of services to be performed:
Acquisition of the vacant lot at 5090 W. 8th Ave. is in support of the Waste Wate...

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