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File #: 21-1290    Version: 1
Type: Bill Status: Passed
File created: 10/22/2021 In control: Finance & Governance Committee
On agenda: 11/22/2021 Final action: 11/22/2021
Title: A bill for an ordinance establishing a new Fund in the General Government Special Revenue Fund Series for the "Investment Impact" program. Establishes the "Investment Impact" Special Revenue Fund in the General Government Special Revenue Fund Series to strategically deploy priority programs that mitigate displacement in neighborhoods where the City is investing in large capital projects. The Committee approved filing this item at its meeting on 11-2-21.
Indexes: Zach Rothmier
Attachments: 1. BR21 1290 DOF LB Companion_CPD_Investment Impact SRF, 2. Summary of BMO's Bill Requests, 3. CB21-1290_DOF_LB Companion_CPD_Investment Impact SRFv2, 4. 21-1290 FIled Bill_DOF_LB Companion_CPD_Investment Impact SRFv2, 5. 21-1290 - signed, 6. 21-1290 For an ordinance establishing a new Fund in the General Government Special
Finance Item/Grant Request Template

Date Submitted: 10-22-21

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Rachel Bardin
Email: Rachel.Bardin@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 establishing a new Fund in the General Government Special Revenue Fund Series for the "Investment Impact" program.
Establishes the "Investment Impact" Special Revenue Fund in the General Government Special Revenue Fund Series to strategically deploy priority programs that mitigate displacement in neighborhoods where the City is investing in large capital projects. The Committee approved filing this item at its meeting on 11-2-21.
body

Affected Council District(s) or citywide? Citywide

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
This bill request establishes the "Investment Impact" Special Revenue Fund, number 11881, in the General Government Special Revenue Fund Series.

This fund will be used to strategically deploy priority programs that mitigate displacement in neighborhoods where the City is investing in large capital projects. Community Planning and Development will administer the fund, in collaboration with other City agencies through the City Investment Impact Committee (CIIC), which CPD convened in 2020 with Denver Economic Development and Opportunity's Neighborhood Equity and Stabilization Team.

The revenue to the fund includes appropriated...

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