City and County of Denver - File #: 23-0402

• File #: 23-0402
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 4/10/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 6/26/2023
• Final action: 6/26/2023
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Uinta Senior Apartments LLLP to support a 50-unit income-restricted senior housing development known as St. Stephens, located at 2189 North Valentia Street in Council District 8. Approves a loan agreement with Unita Senior Apartments, LLLP for $1,250,000 and 30 years to support a 50-unit income-restricted senior housing development known as St. Stephens, located at 2189 North Valentia Street in Council District 8 (HOST-202367525). The last regularly scheduled Council meeting within the 30-day review period is on 7-17-2023. The Committee approved filing this item at its meeting on 4-19-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
6/26/2023	1	Council President	signed
6/26/2023	1	City Council	adopted	Pass
4/19/2023	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 4-17-2023

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 Uinta Senior Apartments LLLP to support a 50-unit income-restricted senior housing development known as St. Stephens, located at 2189 North Valentia Street in Council District 8.
Approves a loan agreement with Unita Senior Apartments, LLLP for $1,250,000 and 30 years to support a 50-unit income-restricted senior housing development known as St. Stephens, located at 2189 North Valentia Street in Council District 8 (HOST-202367525). The last regularly scheduled Council meeting within the 30-day review period is on 7-17-2023. The Committee approved filing this item at its meeting on 4-19-2023.
body

Affected Council District(s) or citywide? 8

Contract Control Number: HOST-202367525

Vendor/Contractor Name (including any "DBA"): Unita Senior Apartments, LLLP

Type and Scope of services to be performed:
The St. Stephens senior project will serve seniors, 62 and older, with incomes between 30% and 60% of the Area Median Income (AMI). The building will offer 45 1-bedroom apartments and five 2-bedroom apartments ranging from 638 to 821 square feet. The AMI mix will include 5 units at 30% AMI, 12 units at 40% AMI, 18 units at 50% AMI and 15 units at 60% AMI...