City and County of Denver - File #: 21-0590

• File #: 21-0590
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 5/17/2021
• In control: Finance & Governance Committee
• On agenda: 6/7/2021
• Final action: 6/7/2021
• Title: A resolution approving and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $19,070,000 of Multifamily Housing Revenue Bonds for Montbello Freshlo. Declares the intent of the City to issue an amount not to exceed $19,070,000 of Multifamily Housing Revenue Bonds for Montbello Organizing Committee (MOC), or its affiliates, to support the construction of the Montbello FreshLo project, a new affordable housing project located at 12300 East Albrook Drive in Council District 8. The last regularly scheduled Council meeting within the 30-day review period is on 6-28-21. The Committee approved filing this item at its meeting on 5-25-21.
• Indexes: Zach Rothmier

Date	Ver.	Action By	Action	Result
6/7/2021	1	Council President	signed
6/7/2021	1	City Council	adopted	Pass
5/25/2021	1	Finance & Governance Committee	approved by consent

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 5-17-21

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Michael Kerrigan
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 resolution approving and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $19,070,000 of Multifamily Housing Revenue Bonds for Montbello Freshlo.
Declares the intent of the City to issue an amount not to exceed $19,070,000 of Multifamily Housing Revenue Bonds for Montbello Organizing Committee (MOC), or its affiliates, to support the construction of the Montbello FreshLo project, a new affordable housing project located at 12300 East Albrook Drive in Council District 8. The last regularly scheduled Council meeting within the 30-day review period is on 6-28-21. The Committee approved filing this item at its meeting on 5-25-21.
body

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

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
The proposed resolution is being requested to evidence the City's intent to utilize a portion of the City's Private Activity Bond (PAB) Volume Cap Allocation to finance affordable multifamily housing by the Montbello Organizing Committee (MOC), or its affiliates, for the Montbello FreshLo project located at 12300 E. Albrook Dr., Denver, CO. The PAB...