City and County of Denver - File #: 21-1507

• File #: 21-1507
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 12/6/2021
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 1/3/2022
• Final action: 1/3/2022
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and The St. Francis Center, Inc. for the acquisition of land at 221 N. Federal Boulevard for the development of a 60-unit affordable housing project. Approves a loan agreement with St. Francis Center, Inc. for $1,000,000 and for five years to acquire land at 221 North Federal Boulevard in Council District 3 for construction of an affordable housing project serving low- to moderate-income individuals (HOST-202160823). The last regularly scheduled Council meeting within the 30-day review period is on 1-24-22. The Committee approved filing this item at its meeting on 12-15-21.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
1/3/2022	1	Council President	signed
1/3/2022	1	City Council	adopted	Pass
12/15/2021	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-6-21

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name:

Name: Derek Woodbury
Email: derek.woodbury@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 The St. Francis Center, Inc. for the acquisition of land at 221 N. Federal Boulevard for the development of a 60-unit affordable housing project.
Approves a loan agreement with St. Francis Center, Inc. for $1,000,000 and for five years to acquire land at 221 North Federal Boulevard in Council District 3 for construction of an affordable housing project serving low- to moderate-income individuals (HOST-202160823). The last regularly scheduled Council meeting within the 30-day review period is on 1-24-22. The Committee approved filing this item at its meeting on 12-15-21.
body

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

Contract Control Number: HOST-202160823

Vendor/Contractor Name (including any "DBA"): St. Francis Center

Type and Scope of services to be performed:
St. Francis Center intends to acquire the 221 N. Federal Blvd. site to construct a 3-story, 60-unit building consisting of approximately 51 1-bedroom and 9 2-bedroom units. The site is 26,728 square feet, zoned E-MX-3. This site is currently owned by The Burgwyn Company, which had planned to develop...