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File #: 20-0510    Version: 1
Type: Resolution Status: Adopted
File created: 5/22/2020 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 6/15/2020 Final action: 6/15/2020
Title: A resolution approving a proposed First Amendment and Modification Agreement between the City and County of Denver and Brandon VOA Family Housing, LLC to amend and modify the terms and conditions of the Loan Agreement. Amends a loan agreement with Brandon VOA Family Housing LLC 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) for a recently completed 103-unit affordable rental project located at 1555 Xavier Street in Council District 1 (OEDEV-201840084-01). The last regularly scheduled Council meeting within the 30-day review period is on 6-29-20. The Committee approved filing this item at its meeting on 6-3-20.
Indexes: Emily Lapel
Attachments: 1. RR20 0510 HOST Brandon Courtyard, 2. 20-0510 Filed Resolution_Brandon VOA Family Housing, LLC 202054237-01 Alfresco 201840084-01, 3. 20-0510 First Amendment and Modification Agreement Brandon VOA Family Housing, LLC 202054237-01, 4. 20-0510 Filed Resolution_Brandon VOA Family Housing, LLC, 5. 20-0510 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 5-22-20

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Megan Yonke, 720-913-1605
Email: megan.yonke@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 First Amendment and Modification Agreement between the City and County of Denver and Brandon VOA Family Housing, LLC to amend and modify the terms and conditions of the Loan Agreement.
Amends a loan agreement with Brandon VOA Family Housing LLC 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) for a recently completed 103-unit affordable rental project located at 1555 Xavier Street in Council District 1 (OEDEV-201840084-01). The last regularly scheduled Council meeting within the 30-day review period is on 6-29-20. The Committee approved filing this item at its meeting on 6-3-20.
body

Affected Council District(s) or citywide? Council District 1

Contract Control Number: OEDEV-201840084-01

Vendor/Contractor Name (including any "DBA"): BRANDON VOA FAMILY HOUSING LLC

Type and Scope of services to be performed:
On June 20, 2018, the city executed a loan agreement authorizing a $1,560,000 loan for the development of Brandon Courtyard Apartments...

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