Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 2/22/22
Requesting Agency: HOST
Division:
Subject Matter Expert Name: Jack Wylie
Email Address: jack.wylie@denvergov.org
Phone Number:
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 Second Amendment and Modification Agreement between the City and County of Denver and OPG Green Valley Ranch Partners, LLC to increase the loan amount to support the construction of The Reserves at Green Valley Ranch, comprised of 144 affordable housing units located at 17800 Green Valley Ranch Boulevard.
Amends a loan agreement with OPG Green Valley Ranch Partners, LLC by adding $60,000 for a new cash flow loan total of $2,160,000 to address escalating construction costs at The Reserves at Green Valley Ranch, comprised of 144 affordable apartments units in Council District 11. No change to contract duration (HOST-202161347-02). The last regularly scheduled Council meeting within the 30-day review period is on 4-4-22. The Committee approved filing this item at its meeting on 3-2-22.
body
Affected Council District(s) or citywide? District 11
Contract Control Number: HOST-202161347-02
Vendor/Contractor Name (including any "DBA"): OPG Green Valley Ranch Partners, LLC
Type and Scope of services to be performed:
Denver City Council originally approved a $3 million loan agreement to support the development of The Reserves at Green Valley Ranch, a multifamily affordable project. This loan agreement was amended to a lower loan amount of $...
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