City and County of Denver - File #: 23-0046

• File #: 23-0046
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 1/9/2023
• In control: Business, Arts, Workforce, Climate & Aviation Services Committee
• On agenda: 1/30/2023
• Final action: 1/30/2023
• Title: A resolution approving a proposed Amendatory Loan Agreement between the City and County of Denver and Montbello Organizing Committee, to extend the Term of the Loan, to revise Exhibit A, and to allow for the transfer of the property securing the loan to an affiliate. Amends a loan agreement with the Montbello Organizing Committee by adding two years for a new end date of nine years from the completion of construction on the FreshLo facility, to remove "cultural hub" and "grocery store" from Exhibit A and to allow for the future transfer of the property located at 4690 Peoria Street in Council District 8 to an affiliate. No change in loan amount (OEDEV-202054444/ 202366331). The last regularly scheduled Council meeting within the 30-day review period is on 2-21-2023. The Committee approved filing this item at its meeting on 1-18-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
1/30/2023	1	Council President	signed
1/30/2023	1	City Council	adopted	Pass
1/18/2023	1	Business, Arts, Workforce, Climate & Aviation Services Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 1-17-2023

Requesting Agency: DEDO
Division:

Subject Matter Expert Name: Doug Selbee; Samantha Kirchner
Email Address: douglas.selbee@denvergov.org; Samantha.Kirchner@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 Amendatory Loan Agreement between the City and County of Denver and Montbello Organizing Committee, to extend the Term of the Loan, to revise Exhibit A, and to allow for the transfer of the property securing the loan to an affiliate.
Amends a loan agreement with the Montbello Organizing Committee by adding two years for a new end date of nine years from the completion of construction on the FreshLo facility, to remove "cultural hub" and "grocery store" from Exhibit A and to allow for the future transfer of the property located at 4690 Peoria Street in Council District 8 to an affiliate. No change in loan amount (OEDEV-202054444/ 202366331). The last regularly scheduled Council meeting within the 30-day review period is on 2-21-2023. The Committee approved filing this item at its meeting on 1-18-2023.
body

Affected Council District(s) or citywide? 11

Contract Control Number: OEDEV-202054444/ 202366331)

Vendor/Contractor Name (including any "DBA"): Montbello Organizing Committee

Type and Scope of services to be performed:
Community Development Block Grant (CDBG) funds were approved in 2021 to fund the acquisition of the real property known as 4690 Peoria Street (aka 12300 ...