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File #: 20-0587    Version: 1
Type: Bill Status: Passed
File created: 6/15/2020 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 7/13/2020 Final action: 7/20/2020
Title: A bill for an ordinance authorizing the issuance and sale of an amount not to exceed $15,000,000 of City and County of Denver, Colorado Multifamily Housing Revenue Notes (Avenida del Sol Project) Series 2020 for the purpose of financing the acquisition, construction, improvement and equipping of a multifamily residential rental housing development to be occupied by low- and middle-income families and persons in the City and County of Denver, Colorado and to pay certain expenses of such Notes (as defined below) issue; approving and authorizing execution of a Funding Loan Agreement, a Project Loan Agreement and a Tax Regulatory Agreement (each as defined below) with respect to the Notes; making findings and determinations with respect to the Project (as defined below) and the Notes; authorizing the execution and delivery of related documents; and repealing all action heretofore taken in conflict herewith. Authorizes and approves the use of an amount not to exceed $15,000,000 of Private A...
Indexes: Emily Lapel
Attachments: 1. BR20 0587 DOF Avenida Del Sol PAB, 2. HOST_Avenida del Sol Safety Committee 062420, 3. 20-0587 Filed Bill_Denver - Avenida del Sol - 2020 Bond Ordinance, 4. 20-0587 (20200063) Funding Loan Agreement, City Clerk Filing No. 20200063, 5. 20-0587 (20200063A) Project Loan Agreement, City Clerk Filing No. 20200063A, 6. 20-0587 (20200063B) Tax Regulatory Agreement, City Clerk Filing No. 20200063B, 7. 20-0587 (20200063C])Assignment of Security Agreement, City Clerk Filing No. 20200063C, 8. 20-0587 Filed Bill_Denver - Avenida del Sol - 2020 Bond Ordinance, 9. 20-0587 - signed, 10. 20-0587 Filed Bill_Denver - Avenida del Sol - 2020 Bond Ordinance
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 6-15-20

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Michael Kerrigan - Finance

Email: michael.kerrigan@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 authorizing the issuance and sale of an amount not to exceed $15,000,000 of City and County of Denver, Colorado Multifamily Housing Revenue Notes (Avenida del Sol Project) Series 2020 for the purpose of financing the acquisition, construction, improvement and equipping of a multifamily residential rental housing development to be occupied by low- and middle-income families and persons in the City and County of Denver, Colorado and to pay certain expenses of such Notes (as defined below) issue; approving and authorizing execution of a Funding Loan Agreement, a Project Loan Agreement and a Tax Regulatory Agreement (each as defined below) with respect to the Notes; making findings and determinations with respect to the Project (as defined below) and the Notes; authorizing the execution and delivery of related documents; and repealing all action heretofore taken in conflict herewith.
Authorizes and approves the use of an amount not to exceed $15,000,000 of Private Activity Bond Volume Cap Allocation to support the acquisition, construction, improvement and equipping of a multifamily residential rental housing development known as the Avenida del Sol Project, a residential 3-st...

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