City and County of Denver - File #: 23-1365

• File #: 23-1365
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/25/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/30/2023
• Final action: 10/30/2023
• Title: A resolution approving a proposed First Amendment to Loan Agreement between the City and County of Denver and Warren Village Inc. to amend the subordination limit terms for the affordable housing development known as Warren Village at Alameda, in Council District 7. Approves an amendment of the Loan Agreement (HOST-202368174) with Warren Village Inc. to increase the subordinate debt limit by $4,000,000 from $26,000,000 to $30,000,000, in Council District 7. (HOST-202370262). The last regularly scheduled Council meeting within the 30-day review period is on 11-20-2023. The Committee approved filing this item at its meeting on 10-4-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
10/30/2023	1	Council President	signed
10/30/2023	1	City Council	adopted	Pass
10/4/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted:10-2-2023

Requesting Agency: HOST
Division:

Subject Matter Expert Name: Christopher Lowell
Email Address: Christopher.lowell@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 to Loan Agreement between the City and County of Denver and Warren Village Inc. to amend the subordination limit terms for the affordable housing development known as Warren Village at Alameda, in Council District 7.
Approves an amendment of the Loan Agreement (HOST-202368174) with Warren Village Inc. to increase the subordinate debt limit by $4,000,000 from $26,000,000 to $30,000,000, in Council District 7. (HOST-202370262). The last regularly scheduled Council meeting within the 30-day review period is on 11-20-2023. The Committee approved filing this item at its meeting on 10-4-2023.
body

Affected Council District(s) or citywide?
Council District 7
Contract Control Number:
HOST-202370262,
Vendor/Contractor Name (including any "DBA"):
Warren Village Inc.
Type and Scope of services to be performed:
Give signature authority to HOST's Executive Director or authorized assignee to subordinate up to an amount not to exceed $30,000,000 in senior construction debt provided by ANB Bank.

The HOST loan to the project remains unchanged at $3,810,000 and the requested amendment does not otherwise change the HOST loan terms.

The request to increase the subordinate debt limit is not due to an increase in project...