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File #: 23-1500    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 giving the City and County of Denver the option to purchase the property during the term of the lease. The lease of the hotel is to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. Approves an option agreement with 4040 Quebec LLC as the grantor giving the City and County of Denver the option to purchase the property during the term of the lease (FINAN-202370700) for $43,000,000. The lease of the hotel is to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. FINAN-202370701. 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. RR23-1500_DOF_2023-10-06_Resolution Request_4040 Quebec St Option (002), 2. DOF Lease and Purchase Option Slide Deck (10.18.23) (2), 3. 23-1500 Filed Resolution_4040 Quebec LLC 202370701-00, 4. 23-1500 Agreement_4040 Quebec LLC 202370701-00, 5. 23-1500 Filed Resolution_4040 Quebec LLC 202370701-00, 6. 23-1500_signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 10-16-2023

Requesting Agency: DOF
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 giving the City and County of Denver the option to purchase the property during the term of the lease. The lease of the hotel is to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8.
Approves an option agreement with 4040 Quebec LLC as the grantor giving the City and County of Denver the option to purchase the property during the term of the lease (FINAN-202370700) for $43,000,000. The lease of the hotel is to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. FINAN-202370701. 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:
FINAN-202370701
Vendor/Contractor Name (including any "DBA"):
4040 Quebec LLC
Type and Scope of services to be performed:
Option Agreement by and between the City and County of Denver as the Grantee and 4040 Quebec LLC as the Grantor for 4040 Quebec Street.
Location (if applicable):

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport co...

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