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File #: 24-1126    Version: 1
Type: Resolution Status: Adopted
File created: 8/26/2024 In control: South Platte River Committee
On agenda: 10/14/2024 Final action: 10/14/2024
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Atlantis Community Foundation to finance construction of 60 income-restricted units to be leased at rents affordable to qualifying households at 313 W. Bayaud Ave and 90 S. Elati St. in Council District 7. Approves a funding agreement with Atlantis Community Foundation for $3,000,000 to finance construction of 60 income-restricted units to be leased at rents affordable to qualifying households, in Council District 7 (HOST-202474909). The last regularly scheduled Council meeting within the 30-day review period is on 11-4-2024. The Committee approved filing this item at its meeting on 9-4-2024.
Indexes: Melissa Mata
Attachments: 1. RR24-1126_HOST__Henninger HOST, 2. 24-1126 Filed Resolution_Atlantis Community Foundation_202474909 10.09.pdf, 3. 24-1126_Agmt_Atlantis_Community_Foundation_$3M_Loan_Agrmt_2B_Funds_Henninger_Legacy_Homes, 4. 24-1126 Filed Resolution_Atlantis Community Foundation, 5. 24-1126_signed.pdf

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted:  9-02-2024

 

Requesting Agency:   Housing Stability

                               Division:

 

Subject Matter Expert Name:  Laura Allen-Hatcher
Email Address:  202474909
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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 Atlantis Community Foundation to finance construction of 60 income-restricted units to be leased at rents affordable to qualifying households at 313 W. Bayaud Ave and 90 S. Elati St. in Council District 7.

Approves a funding agreement with Atlantis Community Foundation for $3,000,000 to finance construction of 60 income-restricted units to be leased at rents affordable to qualifying households, in Council District 7 (HOST-202474909). The last regularly scheduled Council meeting within the 30-day review period is on 11-4-2024. The Committee approved filing this item at its meeting on 9-4-2024.

body

 

Affected Council District(s) or citywide?

Council District 7

 

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

 

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?