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File #: 21-1309    Version: 1
Type: Bill Status: Passed
File created: 10/25/2021 In control: Finance & Governance Committee
On agenda: 11/22/2021 Final action: 11/22/2021
Title: A bill for an ordinance approving proposed Amendments to two Lease Agreements with Subway Real Estate LLC in response to the COVID-19 health crisis, to be negotiated by the Director of Real Estate and provide relief for the tenant. Authorizes the Division of Real Estate to amend commercial leases with Subway Real Estate, LLC in City-owned buildings located at the Justice Center Garage and the Webb Building to provide an additional six months of rent relief in response to the COVID-19 pandemic. The last regularly scheduled Council meeting within the 30-day review period is on 12-6-21. The Committee approved filing this item at its meeting on 11-2-21.
Indexes: Zach Rothmier
Attachments: 1. BR21 1309 DOF Subway, 2. 21-1309 Filed Bill_SubwayLeases_JusticeCenter_WEBB_202054763-06_202054772-07, 3. 21-1309 6thAmendAgr_Subway_JusticeCenter_202054763-06, 4. 21-1309 7thAmendAgr_Subway_WebbBldg_202054772-07, 5. 21-1309 Filed Bill_SubwayLeases_JusticeCenter_WEBB, 6. 21-1309 - signed, 7. 21-1309 Approving proposed Amendments to two Lease Agreements with Subway Real
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 10-25-21

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Lisa Lumley
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 proposed Amendments to two Lease Agreements with Subway Real Estate LLC in response to the COVID-19 health crisis, to be negotiated by the Director of Real Estate and provide relief for the tenant.
Authorizes the Division of Real Estate to amend commercial leases with Subway Real Estate, LLC in City-owned buildings located at the Justice Center Garage and the Webb Building to provide an additional six months of rent relief in response to the COVID-19 pandemic. The last regularly scheduled Council meeting within the 30-day review period is on 12-6-21. The Committee approved filing this item at its meeting on 11-2-21.
body

Affected Council District(s) or citywide? Council Districts 9 and 10

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
The Department of Finance is seeking City Council approval of an ordinance that will authorize the Division of Real Estate to amend commercial leases with Subway Real Estate LLC in City-owned buildings l...

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