City and County of Denver - File #: 21-0319

• File #: 21-0319
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/15/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 4/5/2021
• Final action: 4/5/2021
• Title: A resolution approving a proposed First Amendment and Modification Agreement between the City and County of Denver and The St. Francis Center to amend and modify the terms and conditions of the loan to support the development of a 48-unit supportive housing rental project. Amends a loan agreement with The St. Francis Center by adding four months for a new end date of 2-29-2120, changing the loan to a pass-through loan, and changing the loan collateral from a deed of trust to a collateral assignment of note and deed of trust for the Warren Residences, a 48-unit supportive housing project in Council District 10. No change to agreement amount (HOST-202157922-01). The last regularly scheduled Council meeting within the 30-day review period is on 4-26-21. The Committee approved filing this item at its meeting on 3-24-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
4/5/2021	1	Council President	signed
4/5/2021	1	City Council	adopted	Pass
3/24/2021	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 3-15-21

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Elvis Rubio
Email: elvis.rubio@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 First Amendment and Modification Agreement between the City and County of Denver and The St. Francis Center to amend and modify the terms and conditions of the loan to support the development of a 48-unit supportive housing rental project.
Amends a loan agreement with The St. Francis Center by adding four months for a new end date of 2-29-2120, changing the loan to a pass-through loan, and changing the loan collateral from a deed of trust to a collateral assignment of note and deed of trust for the Warren Residences, a 48-unit supportive housing project in Council District 10. No change to agreement amount (HOST-202157922-01). The last regularly scheduled Council meeting within the 30-day review period is on 4-26-21. The Committee approved filing this item at its meeting on 3-24-21.
body

Affected Council District(s) or citywide? Council District 10

Contract Control Number: HOST-202157922-01

Vendor/Contractor Name (including any "DBA"): The St. Francis Center

Type and Scope of services to be performed:
Executive Summary
This amendment changes the loan to a pass-through loan and changes the loan collateral from a deed of trust to a colla...