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File #: 24-0343    Version: 1
Type: Resolution Status: Approval Review
File created: 3/11/2024 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 3/20/2024 Final action:
Title: Approves a loan agreement with Mental Health Center of Denver, doing business as WellPower in the amount of $3,100,000 and a maturity date of 60 years from date of the Promissory Note and repayment forgiven so long as borrower is in compliance with all terms and conditions of Agreement, to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing, in Council District 3. (HOST-202472724)
Indexes: Anne Wallace
Attachments: 1. RR24_0343_HOST RR-10th Sheridan
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 03-18-2024

Requesting Agency: Department of Housing Stability
Division:

Subject Matter Expert Name: Laura Allen-Hatcher
Email Address: Laura.Allen-hatcher@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
Approves a loan agreement with Mental Health Center of Denver, doing business as WellPower in the amount of $3,100,000 and a maturity date of 60 years from date of the Promissory Note and repayment forgiven so long as borrower is in compliance with all terms and conditions of Agreement, to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing, in Council District 3. (HOST-202472724)
body

Affected Council District(s) or citywide?
Council District 3

Contract Control Number:
HOST-202472724

Vendor/Contractor Name (including any "DBA"):
Mental Health Center of Denver, doing business as WellPower

Type and Scope of services to be performed:
The 3-story building will be slab on grade and constructed with a mix of wood frame and structure steel. In addition, the project intends to obtain the Enterprise Green Communities designation and will provide a cool roof. The structure will be PV and electrification ready. In addition, the project will use principles of Trauma Informed Design, including a safe courtyard to better support the residents


Location (if applicable):
4141 E. Dickenson Place, Denver, Colorado 80222

WBE/MBE/DBE goals that were...

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