City and County of Denver - File #: 21-1446

• File #: 21-1446
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/22/2021
• In control: Finance & Governance Committee
• On agenda: 12/13/2021
• Final action: 12/13/2021
• Title: A resolution approving and evidencing the intention of the City and County of Denver, Colorado to issue an amount not to exceed $18,300,000 of Multifamily Housing Revenue Bonds for Northfield Flats. Declares the intent of the City to issue an amount not to exceed $18.3 million of its Multifamily Housing Revenue Bonds for Mile High Development, or its affiliates, to support the acquisition, construction, and equipping of an new four-story, 128-unit affordable multifamily apartment complex known as the Northfield Flats project, located at the northwest corner of 45th Avenue and Xenia Street in Council District 8. The Committee approved filing this item at its meeting on 11-30-21.
• Indexes: Zach Rothmier

Date	Ver.	Action By	Action	Result
12/13/2021	1	Council President	signed
12/13/2021	1	City Council	adopted	Pass
11/30/2021	1	Finance & Governance Committee	approved by consent	Pass

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

Date Submitted: 11-22-21

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 $18,300,000 of Multifamily Housing Revenue Bonds for Northfield Flats.
Declares the intent of the City to issue an amount not to exceed $18.3 million of its Multifamily Housing Revenue Bonds for Mile High Development, or its affiliates, to support the acquisition, construction, and equipping of an new four-story, 128-unit affordable multifamily apartment complex known as the Northfield Flats project, located at the northwest corner of 45th Avenue and Xenia Street in Council District 8. The Committee approved filing this item at its meeting on 11-30-21.
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.
Executive Summary
The proposed resolution is to declare the intent of the City and County of Denver, Colorado to issue an amount not to exceed $18,300,000 of its Multifamily Housing Revenue Bonds for the Northfield Flats project located at the northwest corner of 45th Avenue and Xenia Street in Council District 8. Mile High Development or its affili...