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File #: 23-0730    Version: 1
Type: Resolution Status: Adopted
File created: 5/30/2023 In control: Finance & Governance Committee
On agenda: 6/20/2023 Final action: 6/20/2023
Title: A resolution approving a proposed Lease Agreement between the City and County of Denver and Denver 44th Avenue, LLC for the premises located at 570 West 44th Avenue. Approves a lease agreement with Denver 44th Avenue, LLC for $26,000,000 and 10 years for a 100-bed residential reentry facility for individuals exiting incarceration, located at 570 West 44th Avenue in Council District 9 (FINAN-202368329). The last regularly scheduled Council meeting within the 30-day review period is on 7-10-2023. The Committee approved filing this item at its meeting on 6-6-2023.
Indexes: Lucas Palmisano
Attachments: 1. RR23-0730_DOF_570 W 44th Avenue, 2. 44th Ave 6.6.23 presentation pdf, 3. 44th Ave 6.6.23 presentation, 4. 23-0730 Filed Resolution_Denver 44th Avenue, LLC_202368329-00, 5. 23-0730 Agr_Denver 44th Ave LLC_202368329-00, 6. 23-0730 Filed Resolution_Denver 44th Avenue, LLC, 7. 23-0730 - signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 6-5-2023

Requesting Agency: Finance
Division:

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 Denver 44th Avenue, LLC for the premises located at 570 West 44th Avenue.
Approves a lease agreement with Denver 44th Avenue, LLC for $26,000,000 and 10 years for a 100-bed residential reentry facility for individuals exiting incarceration, located at 570 West 44th Avenue in Council District 9 (FINAN-202368329). The last regularly scheduled Council meeting within the 30-day review period is on 7-10-2023. The Committee approved filing this item at its meeting on 6-6-2023.
body

Affected Council District(s) or citywide? Citywide 9

Contract Control Number: FINAN-202368329

Vendor/Contractor Name (including any "DBA"):
Denver 44th Avenue, LLC

Type and Scope of services to be performed:
570 W. 44th Avenue will be operated as a residential reentry facility for individuals returning from incarceration. The lease of this facility will allow the City to address the system's bed deficit. Term is for ten (10) years and includes turnkey construction. Lease also contains extension options and a First Right of Offer to purchase the building in the future. The building has capacity for up to 100 beds.

Location (if applicable): 570 West 44th Avenue

WBE/MBE/DBE goals that were ...

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