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File #: 23-1490    Version: 1
Type: Resolution Status: Adopted
File created: 10/9/2023 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 11/6/2023 Final action: 11/6/2023
Title: A resolution approving a proposed Agreement between the City and County of Denver and 4040 Quebec LLC for the lease of a 300 room hotel to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. Approves a master lease agreement with 4040 Quebec LLC as the lessor for 1 year plus a 3 month extension with a monthly rental payment of $83,333.33 for the lease of a 300 room hotel to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. FINAN-202370700. The last regularly scheduled Council meeting within the 30-day review period is on 11-27-2023. The Committee approved filing this item at its meeting on 10-25-2023.
Indexes: Anne Wallace
Attachments: 1. RR23-1490_FIN_2023-10-06_Resolution Request_4040 Quebec St Lease, 2. DOF Lease and Purchase Option Slide Deck (10.18.23) (2), 3. 23-1490 Filed Resolution_4040 Quebec LLC 202370700-00, 4. 23-1490 Agreement_4040 Quebec LLC 202370700-00, 5. 23-1490 Filed Resolution_4040 Quebec LLC 202370700-00, 6. 23-1490_signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-16-2023

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 Agreement between the City and County of Denver and 4040 Quebec LLC for the lease of a 300 room hotel to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8.
Approves a master lease agreement with 4040 Quebec LLC as the lessor for 1 year plus a 3 month extension with a monthly rental payment of $83,333.33 for the lease of a 300 room hotel to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. FINAN-202370700. The last regularly scheduled Council meeting within the 30-day review period is on 11-27-2023. The Committee approved filing this item at its meeting on 10-25-2023.
body

Affected Council District(s) or citywide?
Council District 8
Contract Control Number:
202370700
Vendor/Contractor Name (including any "DBA"):
4040 Quebec LLC
Type and Scope of services to be performed:
The City and County of Denver requests to lease 4040 Quebec Street, an ~174,556 square foot hotel containing 300 rooms situated on approximately 4.91 acres of land located off of Quebec Street, from 4040 Quebec LLC. The LLC membership consists of Rocky Mountain Communities and Urban Land Conservancy who are both partnering on the acquisition of this hotel to help meet the goals of the House...

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