Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 6-08-20
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
|
Name: Emily Snyder |
|
Email: Emily.Snyder@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 bill for an ordinance approving a proposed Amendatory Project Funding Agreement between the City and County of Denver and Denver Urban Renewal Authority, for Downtown Denver Improvements.
Amends the Downtown Denver Improvements Project Funding Agreement with the Denver Urban Renewal Authority to revise submittal and reimbursement dates to align with the 16th Street Mall reconstruction project schedule, as well as updates workforce requirements to support the Denver Construction Pilot program. 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 6-16-20.
body
Affected Council District(s) or citywide? Council District 9
Contract Control Number:
Vendor/Contractor Name (including any “DBA”): Denver Urban Renewal Authority
Type and Scope of services to be performed:
The Project Funding Agreement (CB13-0684) outlined the process to provide TIF funding from DURA to the City to be used for projects that further the objective of the Downtown Denver Urban Renewal Plan. Five projects have been completed by the City with Downtown TIF funds. The remaining Downtown tax increment funds have been identified for use in the reconstruction of the 16th Street Mall.
This ordinance request seeks approval to amend the Downtown Denver Improvements Project Funding Agreement (PFA) between the City and County of Denver and the Denver Urban Renewal Authority to revise submittal and reimbursement dates to align with the 16th Street Mall reconstruction project schedule, as well as updates workforce requirements to support Denver Career’s Construction Pilot program. This includes:
• Adjusting the deadline by when the City can submit a project proposal from June 30, 2020 to December 31, 2022. This allows for completion of the design-build procurement process in order to bring the most accurate information when requesting use of the tax increment funding.
• Extending the deadline for when the City can ask for TIF reimbursement from December 31, 2022 to December 31, 2027. It is estimated the Mall construction be completed by 2024, but the final date of December 31, 2027 takes into consideration warrantee periods, public art completion (which historically lags behind the capital project completion) and alignment with Elevate Bond funding timeframes.
• Making the City responsible for implementation of the workforce requirements associated with any future projects delivered using downtown TIF funds.
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
Are WBE/MBE/DBE goals met (if applicable)?
Is the contract new/a renewal/extension or amendment?
Was this contractor selected by competitive process or sole source?
For New contracts
Term of initial contract:
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term:
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?
If length changing
What was the length of the term of the original contract?
What is the length of the extension/renewal?
What is the revised total term of the contract?
If cost changing
What was the original value of the entire contract prior to this proposed change?
What is the value of the proposed change?
What is the new/revised total value including change?
If terms changing
Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)