Finance and Business

Minutes

Tuesday, August 26, 2025, 10:30 AM

Chair: Serena Gonzalez-Gutierrez, Vice Chair: Paul Kashmann

Members: Stacie Gilmore, Chris Hinds, Diana Romero Campbell, Amanda Sandoval, Darrell Watson

Staff: Anne Wallace

Attendance

6 - Hinds, Kashmann, Romero Campbell, Sandoval, Watson, Gonzales-Gutierrez

1 - Gilmore

Present

Absent

Action Items

25-1221

Approves a Cooperation Agreement between the City and County of

Denver and the Denver Urban Renewal Authority for the Rock Drill Property

Tax Increment Area and Sales Tax Increment Area to establish, among

other matters, the parameters for tax increment financing with incremental

property and sales taxes, in Council District 9 (FINAN-202579721).

A motion offered by Council member Watson, duly seconded by Vice Chair

Kashmann, that Council Bills 25-1221 and 25-1222 be approved for filing in a

block, carried by the following vote:

6 - Hinds, Kashmann, Romero Campbell, Sandoval, Watson, Gonzales-Gutierrez

Aye:

Nay:

1 - Gilmore

Absent:

25-1222

Approves the Rock Drill Urban Redevelopment Plan authorizing the

creation of an Urban Redevelopment Area and property tax and sales tax

increment areas, in Council District 9.

A motion offered by Council member Watson, duly seconded by Vice Chair

Kashmann, that Council Bills 25-1221 and 25-1222 be approved for filing in a

block, carried by the following vote:

6 - Hinds, Kashmann, Romero Campbell, Sandoval, Watson, Gonzales-Gutierrez

Aye:

Nay:

1 - Gilmore

Absent:

25-1237

For an ordinance amending Section 54-816 of Division 2 of Article XV of

Chapter 54 of the Revised Municipal Code of the City and County of

Denver concerning disposal procedure of impounded vehicles, citywide.

A motion offered by Council Pro-Tem Romero Campbell, duly seconded by

Council member Hinds, that Council Bill 25-1237 be approved for filing, carried by

the following vote:

6 - Hinds, Kashmann, Romero Campbell, Sandoval, Watson, Gonzales-Gutierrez

Aye:

Nay:

1 - Gilmore

Absent:

Consent Items

25-1210

Amends Master Purchase Order (MPO) with Genuine Parts Co. (dba

NAPA Denver) to add $600,000.00 for a new total of $3,850,000.00 for the

continued purchase of Aftermarket Auto Parts in support of the City’s fleet

vehicles. No change to MPO length, citywide (SC-00006079).

Council Resolution 25-1210 was approved by consent.

25-1223

For an ordinance amending Ordinance No. 0304, Series of 2015, which

created and established the RiNo Business Improvement District, to

increase the number of members of the Board of Directors to be appointed

and to increase the number of Board Members required for a quorum, in

Council District 9.

Council Bill 25-1223 was approved by consent.

25-1224

Approves the Purchase and Sale Agreement with 4965 Washington Street

LLLP for $9,100,000.00 with an end date of 12-31-2027 for a

condominium interest in a portion of the property being developed at 4965

Washington Street for the purpose of establishing a Denver Public Library,

in Council District 9 (FINAN-202580361).

Council Resolution 25-1224 was approved by consent.

25-1225

25-1226

Approves a 99-year Land Lease with 4965 Washington Street LLLP for the

development of 170 affordable housing units, a commercial community

serving space, and the new Globeville Library at 4965 Washington Street

in, Council District 9 (FINAN-202579178).

Council Resolution 25-1225 was approved by consent.

For an ordinance authorizing the issuance and sale of an aggregate

amount not to exceed $23,000,000.00 of the City and County of Denver,

Colorado Multifamily Housing Revenue Bonds (Loretto Heights Family

Apartments), Series 2025A and an aggregate amount not to exceed

$5,000,000.00 of the City and County of Denver, Colorado Multifamily

Housing Revenue Bonds (Loretto Heights Family Apartments), Taxable

Series 2025B for the purpose of financing the acquisition, construction and

equipping of an affordable multifamily rental housing facility located in the

City and County of Denver, Colorado and to pay certain expenses of such

Bonds (as defined below) issue; approving and authorizing execution of a

Bond Financing Agreement, a Tax Regulatory Agreement, and a Bond