City and County of Denver - File #: 20-0825

• File #: 20-0825
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 8/10/2020
• In control: Business, Arts, Workforce, Climate & Aviation Services Committee
• On agenda: 9/14/2020
• Final action: 9/14/2020
• Title: A resolution approving a proposed Agreement between the City and County of Denver and Montbello Organizing Committee to help fund the acquisition of property located at 4690 Peoria Street. Approves a loan agreement with Montbello Organizing Committee (MOC) for $700,000 and for seven years to help fund the acquisition of property located at 4690 Peoria Street to be developed into a mixed-use facility with affordable housing units, a grocery store, small retail spaces, cultural facility, meeting rooms, and MOC offices in Council District 8 (OEDEV-202054444). The last regularly scheduled Council meeting within the 30-day review period is on 9-28-20. The Committee approved filing this item at its meeting on 8-26-20.
• Indexes: John Mahoney

Date	Ver.	Action By	Action	Result
9/14/2020	1	Council President	signed
9/14/2020	1	City Council	adopted	Pass
8/26/2020	1	Business, Arts, Workforce, Climate & Aviation Services Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 8-10-20

Requesting Agency: Denver Economic Development and Opportunity
Division:

Subject Matter Expert Name:

Name: Susan Liehe 720-913-1689
Email: susan.liehe@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 Agreement between the City and County of Denver and Montbello Organizing Committee to help fund the acquisition of property located at 4690 Peoria Street.
Approves a loan agreement with Montbello Organizing Committee (MOC) for $700,000 and for seven years to help fund the acquisition of property located at 4690 Peoria Street to be developed into a mixed-use facility with affordable housing units, a grocery store, small retail spaces, cultural facility, meeting rooms, and MOC offices in Council District 8 (OEDEV-202054444). The last regularly scheduled Council meeting within the 30-day review period is on 9-28-20. The Committee approved filing this item at its meeting on 8-26-20.
body

Affected Council District(s) or citywide? Council District 8

Contract Control Number: OEDEV-202054444

Vendor/Contractor Name (including any "DBA"): Montbello Organizing Committee

Type and Scope of services to be performed:
Montbello Organizing Committee (MOC) requested $700,000 funds from DEDO to fund the acquisition of the real property known as 4690 Peoria Street (aka 1230...