City and County of Denver - File #: 23-0767

• File #: 23-0767
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 6/5/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 6/26/2023
• Final action: 6/26/2023
• Title: A resolution approving a proposed First Amendment and Modification Agreement between the City and County of Denver and Archway Montview Manor LLC to amend and modify the terms of a loan for funding of an affordable housing development located at 1663 Steele Street in Council District 9. Amends a loan agreement with Archway Montview Manor, LLC by correcting the term of the loan from 30 years to 60 years and including the Accessibility Requirements language in compliance with U.S. Department of Housing and Urban Development requirements for the affordable housing development located at 1663 Steele Street in Council District 9. No change to loan amount (HOST-202265493 / HOST-202368206-01). 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 6-14-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
6/26/2023	1	Council President	signed
6/26/2023	1	City Council	adopted	Pass
6/14/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 6-12-2023

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Jennifer Siegel
Email Address: Jennifer.siegel@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 First Amendment and Modification Agreement between the City and County of Denver and Archway Montview Manor LLC to amend and modify the terms of a loan for funding of an affordable housing development located at 1663 Steele Street in Council District 9.
Amends a loan agreement with Archway Montview Manor, LLC by correcting the term of the loan from 30 years to 60 years and including the Accessibility Requirements language in compliance with U.S. Department of Housing and Urban Development requirements for the affordable housing development located at 1663 Steele Street in Council District 9. No change to loan amount (HOST-202265493 / HOST-202368206-01). 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 6-14-2023.
body

Affected Council District(s) or citywide?
Council district 9

Contract Control Number:
HOST-202265493 / HOST-202368206-01

Vendor/Contractor Name (including any "DBA"):
Archway Montview Manor, LLC

Type and Scope of services to be performed:
1. Section 1.B. of the Loan Agreement entitled "Repayment; Forgiveness Based on Performance," is deleted in its entirety and replaced with the...