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File #: 24-0231    Version: 1
Type: Resolution Status: Adopted
File created: 2/20/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 3/4/2024 Final action: 3/4/2024
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Columbine Towers Owner LLC to assist with the acquisition of real property located at 1750 S. Federal Boulevard, in Council District 7 and known as Columbine Towers, to preserve 170 affordable rental dwelling units. Approves a loan agreement with Columbine Towers Owner LLC for $10,000,000 to assist with the acquisition of 170 affordable dwelling units known as Columbine Towers, located in Council District 7 (HOST-202472791). The last regularly scheduled Council meeting within the 30-day review period is on 3-26-2024. The Committee approved filing this item at its meeting on 2-28-2024.
Indexes: Anne Wallace
Attachments: 1. RR24-0231_HOST-Columbine Towers, 2. Columbine Towers_Revised PPT 2_27_24, 3. 24-0231_Agmt_Columbine_Towers_Owner_LLC_Loan_Agreement_2024_$10M_Columbine_Towers, 4. 24-0231 Filed Resolution_Columbine Towers Owner LLC_202472791 02.28.pdf, 5. 24-0231 Filed Resolution_Columbine Towers Owner LLC, 6. 24-0231_signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 2-26-2024

Requesting Agency: HOST
Division:

Subject Matter Expert Name: Chris 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 Loan Agreement between the City and County of Denver and Columbine Towers Owner LLC to assist with the acquisition of real property located at 1750 S. Federal Boulevard, in Council District 7 and known as Columbine Towers, to preserve 170 affordable rental dwelling units.
Approves a loan agreement with Columbine Towers Owner LLC for $10,000,000 to assist with the acquisition of 170 affordable dwelling units known as Columbine Towers, located in Council District 7 (HOST-202472791). The last regularly scheduled Council meeting within the 30-day review period is on 3-26-2024. The Committee approved filing this item at its meeting on 2-28-2024.
body

Affected Council District(s) or citywide?|1010|Contract Control Number:
HOST-202472791
Vendor/Contractor Name (including any "DBA"):
Columbine Towers Owner LLC
Type and Scope of services to be performed:
The project consists of one (1) fourteen-story elevator-served building. The building is of steel frame, brick veneer construction and was built/renovated in 1964/c.2000. Individual units contain tiled, vinyl and carpeted flooring, as well as blind coverings on windows. Overall, the building is well maintained, and apartments are updated or renovated as needed and upon turnover. ...

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