City and County of Denver - File #: 22-1610

• File #: 22-1610
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/28/2022
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 1/3/2023
• Final action: 1/3/2023
• Title: A resolution approving a proposed Fourth Amendment, Modification, Assignment, and Assumption Agreement between the City and County of Denver, Del Norte Neighborhood Development Corporation and Renewal Residences, LLC pertaining to a 30-unit affordable residential property located at 1135 Logan Street in Council District 10. Amends a loan agreement with Del Norte Neighborhood Development Corporation to make corrections and allow for the sale of the property and for the assumption of the City's loan agreement by Renewal Residences, LLC for a 30-unit affordable residential property located at 1135 Logan Street in Council District 10. No change to contract duration or amount (CE1Y121/ HOST-202264559-04). The last regularly scheduled Council meeting within the 30-day review period is on 1-23-2023. The Committee approved filing this item at its meeting on 12-7-2022.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
1/3/2023	1	Council President	signed
1/3/2023	1	City Council	adopted	Pass
12/7/2022	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-5-2022

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Jeremy Brown
Email Address: Jeremy.Brown@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 Fourth Amendment, Modification, Assignment, and Assumption Agreement between the City and County of Denver, Del Norte Neighborhood Development Corporation and Renewal Residences, LLC pertaining to a 30-unit affordable residential property located at 1135 Logan Street in Council District 10.
Amends a loan agreement with Del Norte Neighborhood Development Corporation to make corrections and allow for the sale of the property and for the assumption of the City's loan agreement by Renewal Residences, LLC for a 30-unit affordable residential property located at 1135 Logan Street in Council District 10. No change to contract duration or amount (CE1Y121/ HOST-202264559-04). The last regularly scheduled Council meeting within the 30-day review period is on 1-23-2023. The Committee approved filing this item at its meeting on 12-7-2022.
body

Affected Council District(s) or citywide? 10

Contract Control Number: CE1Y121/ HOST-202264559-04

Vendor/Contractor Name (including any "DBA"):

Type and Scope of services to be performed:
This request is for an amendment to the loan for 1135 Logan. The borrower is selling the property to an entity that will continue to use the property as affordable housing. The amendment...