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File #: 20-1170    Version: 1
Type: Resolution Status: Adopted
File created: 10/16/2020 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 11/30/2020 Final action: 11/30/2020
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Community Outreach Service Center, Inc., for the development of Charity's House, a 36-unit supportive housing project at 3022 Welton Street, Denver, Colorado 80205. Approves a performance loan agreement with Community Outreach Service Center, Inc. for $1,800,000 and through 11-30-2119 to develop Charity's House at 3022 Welton Street, a 36-unit supportive housing project, with all units to be income restricted to individuals earning up to 30% of the area median income (AMI) in Council District 9 (HOST-202055236). The last regularly scheduled Council meeting within the 30-day review period is on 12-21-20. The Committee approved filing this item at its meeting on 10-28-20.
Indexes: Emily Lapel
Attachments: 1. RR20 1170 HOST Charity's House Construction, 2. Charity's House Development 102820, 3. 20-1170 Filed Resolution_Community Outreach Service Center Inc. 202055236-00, 4. 20-1170 Loan Agreement Community Outreach Service Center, Inc., 202055236-00, 5. 20-1170 Filed Resolution_Community Outreach Service Center Inc., 6. 20-1170 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-16-20

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Megan Yonke
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 Loan Agreement between the City and County of Denver and Community Outreach Service Center, Inc., for the development of Charity's House, a 36-unit supportive housing project at 3022 Welton Street, Denver, Colorado 80205.
Approves a performance loan agreement with Community Outreach Service Center, Inc. for $1,800,000 and through 11-30-2119 to develop Charity's House at 3022 Welton Street, a 36-unit supportive housing project, with all units to be income restricted to individuals earning up to 30% of the area median income (AMI) in Council District 9 (HOST-202055236). The last regularly scheduled Council meeting within the 30-day review period is on 12-21-20. The Committee approved filing this item at its meeting on 10-28-20.
body

Affected Council District(s) or citywide? Council District 9

Contract Control Number: HOST-202055236

Vendor/Contractor Name (including any "DBA"): Community Outreach Service Center, Inc.

Type and Scope of services to be performed:
Community Outreach Services Center, Inc. (COSC) is seeking two parallel contracts for both development and services for a supportive rental housing project at 3022 Welton St., Denver, Colorado 80205. COSC is developing 36 one-bedroom units with 100% of re...

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