City and County of Denver - File #: 22-1561

• File #: 22-1561
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/21/2022
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 12/12/2022
• Final action: 12/12/2022
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Archway Investment Corporation, Inc. to provide funding for adaptive reuse to create 154 affordable housing units on the former Johnson & Wales University campus, located at 7150 Montview Boulevard in Council District 8. Approves a loan agreement with Archway Investment Corporation, Inc. for $3,850,000 to provide funding for adaptive reuse affordable housing for Park Hill Campus Family Housing on the former Johnson & Wales University campus, located at 7150 Montview Boulevard in Council District 8 (HOST-202265780). The last regularly scheduled Council meeting within the 30-day review period is on 1-3-2023. The Committee approved filing this item at its meeting on 11-30-2022.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
12/12/2022	1	Council President	signed
12/12/2022	1	City Council	adopted	Pass
11/30/2022	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-28-2022

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Adam Lyons
Email Address: adam.lyons@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 Loan Agreement between the City and County of Denver and Archway Investment Corporation, Inc. to provide funding for adaptive reuse to create 154 affordable housing units on the former Johnson & Wales University campus, located at 7150 Montview Boulevard in Council District 8.
Approves a loan agreement with Archway Investment Corporation, Inc. for $3,850,000 to provide funding for adaptive reuse affordable housing for Park Hill Campus Family Housing on the former Johnson & Wales University campus, located at 7150 Montview Boulevard in Council District 8 (HOST-202265780). The last regularly scheduled Council meeting within the 30-day review period is on 1-3-2023. The Committee approved filing this item at its meeting on 11-30-2022.
body

Affected Council District(s) or citywide? 8

Contract Control Number: HOST-202265780

Vendor/Contractor Name (including any "DBA"):
ARCHWAY INVESTMENT CORPORATION, INC

Type and Scope of services to be performed:

The proposed work is to convert the historic buildings from dormitory use to apartments including full kitchens and full bathrooms. In Founders Hall and Presidents Hall, relatively less work will be needed to create family units due to recent renovations and the ...