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File #: 25-0711    Version: 1
Type: Resolution Status: Adopted
File created: 5/7/2025 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 5/19/2025 Final action: 5/19/2025
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Iliff Senior Apartments LLLP to finance the construction of a multi-family residential structure to create 50 income restricted units to be leased at affordable rents to qualifying senior households. Approves the loan agreement between the City and County of Denver and Iliff Senior Apartments LLLP for $2,250,000.00 and for 240 months to finance the construction of a multi-family residential structure to create 50 income restricted units to be leased at affordable rents to qualifying senior (62+ years old) households, Council District 4 (HOST-202578924). The last regularly scheduled Council meeting within the 30-day review period is on 6-9-2025. The Committee approved filing this item at its meeting on 5-14-2025.
Indexes: Anne Wallace
Attachments: 1. RR25-0711_HOST_Iliff-Draft, 2. 25-0711_Filed_Resolution_Illiff_Senior_Apartments_LLP_202578924-00, 3. 25-0711 Loan Agreement_Iliff-Senior Apartments LLLP 202578924-00, 4. 25-0711_Filed_Resolution_Illiff_Senior_Apartments_LLP_202578924-00.pdf, 5. 25-0711_Signed.pdf

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

 

Date Submitted: 05-12-2025

 

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 Loan Agreement between the City and County of Denver and Iliff Senior Apartments LLLP to finance the construction of a multi-family residential structure to create 50 income restricted units to be leased at affordable rents to qualifying senior households.

Approves the loan agreement between the City and County of Denver and Iliff Senior Apartments LLLP for $2,250,000.00 and for 240 months to finance the construction of a multi-family residential structure to create 50 income restricted units to be leased at affordable rents to qualifying senior (62+ years old) households, Council District 4 (HOST-202578924). The last regularly scheduled Council meeting within the 30-day review period is on 6-9-2025. The Committee approved filing this item at its meeting on 5-14-2025.

body

 

Affected Council District(s) or citywide?

Council District 4

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?