Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 3-8-21
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
|
Name: Lisa Lumley - Assistant Director of Real Estate |
|
Email: Lisa.Lumley@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 Amendment to Purchase and Sale Agreement between the City and County of Denver and Mercy Housing Mountain Plains.
Amends the Purchase and Sale Agreement with Mercy Housing Mountain Plains, Inc. for the disposition of 8315 East Colfax Avenue and 1500 Valentia Street to make technical corrections to delete affordable housing restrictions from the conveyance deed and transfer restrictions into to a revised Low-Income Housing Land Use Restriction Agreement, to achieve greater long-term affordability in Council District 8 (FINAN-202053697-00; FINAN-202157898-01). The last regularly scheduled Council meeting within the 30-day review period is on 4-19-21. The Committee approved filing this item at its meeting on 3-16-21.
body
Affected Council District(s) or citywide? Council District 8
Contract Control Number: FINAN-202053697-00 / FINAN-202157898-01
Vendor/Contractor Name (including any “DBA”): Mercy Housing Mountain Plains, Inc
Type and Scope of services to be performed:
The Department of Finance, Division of Real Estate proposes an Amendment to a Purchase and Sale Agreement by and between the City and County of Denver, as seller and Mercy Housing Mountain Plains, Inc., as buyer. This amendment serves to modify the legal description of the property to be sold to carve out areas that will be dedicated as ROW and also make technical changes to Exhibit A to the Purchase and Sale Agreement (Low-Income Housing Land Use Restriction Agreement).
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.)