City and County of Denver - File #: 21-1014

• File #: 21-1014
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/1/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 9/27/2021
• Final action: 9/27/2021
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and REDI Corporation, for the development and construction of a housing project known as Rhonda's Place with 49 affordable units and one manager unit that will serve individuals experiencing homeless. Approves a performance loan agreement with REDI Corporation for $1,500,000 and through 10-31-81 to construct a 50-unit housing project called Rhonda's Place located at 203 South Federal Boulevard with 49 affordable units and one manager unit serving those experiencing chronic homelessness in Council District 3 (HOST-202160196). The last regularly scheduled Council meeting within the 30-day review period is on 10-18-21. The Committee approved filing this item at its meeting on 9-15-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
9/27/2021	1	Council President	signed
9/27/2021	1	City Council	adopted	Pass
9/15/2021	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 9-1-21

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 Loan Agreement between the City and County of Denver and REDI Corporation, for the development and construction of a housing project known as Rhonda's Place with 49 affordable units and one manager unit that will serve individuals experiencing homeless.
Approves a performance loan agreement with REDI Corporation for $1,500,000 and through 10-31-81 to construct a 50-unit housing project called Rhonda's Place located at 203 South Federal Boulevard with 49 affordable units and one manager unit serving those experiencing chronic homelessness in Council District 3 (HOST-202160196). The last regularly scheduled Council meeting within the 30-day review period is on 10-18-21. The Committee approved filing this item at its meeting on 9-15-21.
body

Affected Council District(s) or citywide? Council District 3

Contract Control Number: HOST-202160196

Vendor/Contractor Name (including any "DBA"): REDI Corporation

Type and Scope of services to be performed:
REDI Corporation will construct a 50 one-bedroom unit building on South Federal Boulevard as a non-D3 project serving those experiencing homelessness. Forty-nine of these units will be affordable at ...