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File #: 22-1270    Version: 1
Type: Resolution Status: Adopted
File created: 10/3/2022 In control: Finance & Governance Committee
On agenda: 10/24/2022 Final action: 10/24/2022
Title: A resolution approving a proposed Agreement between the City and County of Denver and Globeville Redevelopment Partners, LLC to allow the proposed developer to conduct due diligence and determine the feasibility of building affordable housing with community commercial space, with an option for a ground lease at 4995 Washington Street in Council District 9. Approves an agreement with Globeville Redevelopment Partners, LLC for $50,100 and through 12-31-2024, to allow the proposed developer to conduct due diligence and feasibility of building affordable housing with community commercial space, with an option for a ground lease at 4995 Washington Street in Council District 9 (FINAN-202264574). The last regularly scheduled Council meeting within the 30-day review period is on 11-14-2022. The Committee approved filing this item at its meeting on 10-18-2022.
Indexes: Mar'quasa Maes
Attachments: 1. RR22-1270_DoF_ Ordinance Request Form_4995 Washington Street, 2. RR22-1270_DoF_ Executive Summary City Council_SCA_4995 Washington, 3. 2022.10.10 Slide Deck_Site Control Agreement_4995 Washington_FinGov LL, 4. 22-1270 Filed Resolution_Globeville Redevelopment Partners LLC 202264574-00, 5. 22-1270 Agreement Globeville Redevelopment Partners, LLC 202264574-00, 6. 22-1270 Filed Resolution_Globeville Redevelopment Partners LLC 202264574-00, 7. 22-1270 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-10-2022

Requesting Agency: Department of Finance
Division:

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 Agreement between the City and County of Denver and Globeville Redevelopment Partners, LLC to allow the proposed developer to conduct due diligence and determine the feasibility of building affordable housing with community commercial space, with an option for a ground lease at 4995 Washington Street in Council District 9.
Approves an agreement with Globeville Redevelopment Partners, LLC for $50,100 and through 12-31-2024, to allow the proposed developer to conduct due diligence and feasibility of building affordable housing with community commercial space, with an option for a ground lease at 4995 Washington Street in Council District 9 (FINAN-202264574). The last regularly scheduled Council meeting within the 30-day review period is on 11-14-2022. The Committee approved filing this item at its meeting on 10-18-2022.
body

Affected Council District(s) or citywide? 9

Contract Control Number: FINAN-202264574

Vendor/Contractor Name (including any "DBA"): Globeville Redevelopment Partners LLC

Type and Scope of services to be performed:
Background
* There is an increased need for affordable housing in Denver. The City acquired 4995 Washington Street in 2019 for $6,000,000, with the specific intention of fostering...

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