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File #: 25-0645    Version: 1
Type: Resolution Status: Adopted
File created: 4/29/2025 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 6/2/2025 Final action: 6/2/2025
Title: A resolution approving a proposed Fourth Amendatory Agreement between the City and County of Denver and Denver Dry Preservation, LLC and Denver Building Housing, Ltd. for a loan agreement related to an affordable housing development located at 1565 California Street. Amends and assigns a loan agreement with Denver Building Housing Ltd. to Denver Dry Preservation LLC and reduces the loan term by fourteen years and six months for a new end date of July 1, 2085 related to an affordable housing development located at 1565 California Street, in Council District 10. No change to agreement amount (GE29015/HOST-202577651-04). The last regularly scheduled Council meeting within the 30-day review period is on 6-23-2025. The Committee approved filing this item at its meeting on 5-7-2025.
Indexes: Anne Wallace
Attachments: 1. RR25-0645_HOST_DenverDryGoods Amendment, 2. 25-0645 Filed Resolution_Denver Dry Preservation 202577651-04, 3. 25-0645 Fourth Amendatory Agreement_Denver Dry Preservation LLC 202577651-04, 4. 25-0645 Filed Resolution_Denver Dry Preservation 202577651-04.pdf, 5. 25-0645_Signed.pdf

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

 

Date Submitted: 05-05-2025

 

Requesting Agency: HOST

                               Division:

 

Subject Matter Expert Name: Polly Kyle
Email Address: polly.kyle@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 Fourth Amendatory Agreement between the City and County of Denver and Denver Dry Preservation, LLC and Denver Building Housing, Ltd. for a loan agreement related to an affordable housing development located at 1565 California Street.

Amends and assigns a loan agreement with Denver Building Housing Ltd. to Denver Dry Preservation LLC and reduces the loan term by fourteen years and six months for a new end date of July 1, 2085 related to an affordable housing development located at 1565 California Street, in Council District 10. No change to agreement amount (GE29015/HOST-202577651-04). The last regularly scheduled Council meeting within the 30-day review period is on 6-23-2025. The Committee approved filing this item at its meeting on 5-7-2025.

body

 

Affected Council District(s) or citywide?

Council District 10

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?