City and County of Denver - File #: 23-0162

• File #: 23-0162
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 2/13/2023
• In control: Finance & Governance Committee
• On agenda: 3/6/2023
• Final action: 3/6/2023
• Title: A resolution approving a proposed Lease Agreement between the City and County of Denver and Zenith IOS JV LLC dba 5380 Brighton Blvd V1, LLC for storing vehicles at 5380 Brighton Boulevard. Approves a lease agreement with Zenith IOS JV, LLC doing business as 5380 Brighton Blvd V1, for $3,799,632.92 and through 3-31-2028, with two 5-year options to extend and the option to purchase after year 3, for impounded vehicle storage, including recreational vehicles (RVs), at 5380 Brighton Boulevard in Council District 9 (FINAN-202366680-00). The last regularly scheduled Council meeting within the 30-day review period is on 3-27-2023. The Committee approved filing this item at its meeting on 2-21-2023.
• Indexes: Lucas Palmisano

Date	Ver.	Action By	Action	Result
3/6/2023	1	Council President	signed
3/6/2023	1	City Council	adopted	Pass
2/21/2023	1	Finance & Governance Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 2-20-2023

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 resolution approving a proposed Lease Agreement between the City and County of Denver and Zenith IOS JV LLC dba 5380 Brighton Blvd V1, LLC for storing vehicles at 5380 Brighton Boulevard.
Approves a lease agreement with Zenith IOS JV, LLC doing business as 5380 Brighton Blvd V1, for $3,799,632.92 and through 3-31-2028, with two 5-year options to extend and the option to purchase after year 3, for impounded vehicle storage, including recreational vehicles (RVs), at 5380 Brighton Boulevard in Council District 9 (FINAN-202366680-00). The last regularly scheduled Council meeting within the 30-day review period is on 3-27-2023. The Committee approved filing this item at its meeting on 2-21-2023.
body

Affected Council District(s) or citywide? 9 and Adams County

Contract Control Number: FINAN-202366680-00

Vendor/Contractor Name (including any "DBA"): Zenith IOS JV, LLC doing business as 5380 Brighton Blvd V1

Type and Scope of services to be performed:
EXECUTIVE SUMMARY

The DSD Vehicle Impound Facility (VIF) has seen a significant increase in vehicles towed and stored over the past two years, specifically related to abandoned cars and RVs. DSD policy 3.11.5045 identifies emergency threshold at 2,100 vehicles. For many months in 2022 the VIF excee...