City and County of Denver - File #: 22-1632

• File #: 22-1632
• Version: 1
• Type: Bill
• Status: Passed
• File created: 12/5/2022
• In control: Finance & Governance Committee
• On agenda: 1/17/2023
• Final action: 1/17/2023
• Title: A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and IH Holdings Sixteen, LLC, for the acquisition of a hotel property located at 12033 East 38th Avenue, 3835 Peoria Street, and 3805 Peoria Street, known as the Stay Inn, to provide 95 supportive housing units and one manager unit in Council District 8. Approves a purchase and sale agreement with IH Holdings Sixteen, LLC for $9,000,000 and through 6-30-2023 for the acquisition of hotel properties located at 12033 East 38th Avenue, 3835 Peoria Street, and 3805 Peoria Street, known as the Stay Inn, to provide 95 supportive housing units and one manager unit in Council District 8 (FINAN-202264437-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-30-2023. The Committee approved filing this item at its meeting on 12-13-2022.
• Indexes: Lucas Palmisano

Date	Ver.	Action By	Action	Result
1/19/2023	1	Mayor	signed
1/17/2023	1	Council President	signed
1/17/2023	1	City Council	placed upon final consideration and do pass	Pass
1/9/2023	1	City Council	ordered published
12/13/2022	1	Finance & Governance Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 12-12-2022

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 bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and IH Holdings Sixteen, LLC, for the acquisition of a hotel property located at 12033 East 38th Avenue, 3835 Peoria Street, and 3805 Peoria Street, known as the Stay Inn, to provide 95 supportive housing units and one manager unit in Council District 8.
Approves a purchase and sale agreement with IH Holdings Sixteen, LLC for $9,000,000 and through 6-30-2023 for the acquisition of hotel properties located at 12033 East 38th Avenue, 3835 Peoria Street, and 3805 Peoria Street, known as the Stay Inn, to provide 95 supportive housing units and one manager unit in Council District 8 (FINAN-202264437-00). The last regularly scheduled Council meeting within the 30-day review period is on 1-30-2023. The Committee approved filing this item at its meeting on 12-13-2022.
body

Affected Council District(s) or citywide? 8

Contract Control Number: FINAN-202264437-00

Vendor/Contractor Name (including any "DBA"): IH Holdings Sixteen LLC

Type and Scope of services to be performed: See executive summary

Location (if applicable): 12033 East 38th Avenue, 3835 Peoria Street, and 3805 Peoria Street

WBE/MBE/DBE goals that were applied, if applicable (constr...