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File #: 22-0523    Version: 1
Type: Resolution Status: Adopted
File created: 5/2/2022 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 5/23/2022 Final action: 5/23/2022
Title: A resolution approving a proposed First Amendment and Modification Agreement between the City and County of Denver and Atlantis Community Foundation to align agreement's compliance terms with the requirements of the United States Department of Housing and Urban Development (HUD). Amends a contract with Atlantis Community Foundation to align the compliance terms for loan financing with the compliance terms of United States Department of Housing and Urban Development (HUD) for the Liberty House affordable housing project, located at 1500 Hooker Street in Council District 3. No change to contract duration or amount (HOST-202161495). The last regularly scheduled Council meeting within the 30-day review period is on 6-13-22. The Committee approved filing this item at its meeting on 5-11-22.
Indexes: Emily Lapel
Attachments: 1. RR22-0523 Liberty House amendment, 2. 22-0523 Filed_Resolution_Atlantis_Community_Foundation_202161495-01 05.17.pdf, 3. 22-0523 1stAmendAgr_AtlantisCommunityFoundation_202161495-01, 4. 22-0523 Filed_Resolution_Atlantis_Community_Foundation, 5. 22-0523 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 5-2-22

Requesting Agency: Department of Housing Stability
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 First Amendment and Modification Agreement between the City and County of Denver and Atlantis Community Foundation to align agreement's compliance terms with the requirements of the United States Department of Housing and Urban Development (HUD).
Amends a contract with Atlantis Community Foundation to align the compliance terms for loan financing with the compliance terms of United States Department of Housing and Urban Development (HUD) for the Liberty House affordable housing project, located at 1500 Hooker Street in Council District 3. No change to contract duration or amount (HOST-202161495). The last regularly scheduled Council meeting within the 30-day review period is on 6-13-22. The Committee approved filing this item at its meeting on 5-11-22.
body

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

Contract Control Number: HOST-202161495

Vendor/Contractor Name (including any "DBA"): Atlantis Community Foundation

Type and Scope of services to be performed:
The original loan agreement included a 30-year compliance period for both HUD and City requirements. However, the HUD HOME and HOPWA programs have compliance periods of 15 and 10 years, respectively. HUD has completed its HOME a...

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