Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 1/24/22
Requesting Agency: Finance
Division: Real Estate
Subject Matter Expert Name: Lisa Lumley
Email Address: lisa.lumley@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 Amendment to Lease Agreement between the City and County of Denver and PRRC, LLC for property located at 3300 North Kalamath Street.
Amends a lease with PRRC, LLC for city owned property at 3300 Kalamath Street in Council District 1 to change the rent commencement date to the earlier of completion of parking lot improvements or 4-5-2022 and changes the termination date to 4-5-2026. No change to contract amount (FINAN - 202157861-01). The last regularly scheduled Council meeting within the 30-day review period is on 4-25-22. The Committee approved filing this item at its meeting on 3-22-22.
body
Affected Council District(s) or citywide? District 1
Contract Control Number: FINAN - 202157861-01
Vendor/Contractor Name (including any "DBA"): PRRC, LLC
Type and Scope of services to be performed:
The City leases approximately 210,250 square feet of land at 3300 N. Kalamath, adjacent to Cuernavaca Park, to PRRC for use as a parking lot to be constructed by PRRC.
The existing lease calls for rent to commence upon the earlier of completion of parking lot improvements or January 5, 2022. The improvements have not yet been constructed.
This amendment changes the rent commencement date to the earlier of completion of par...
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