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File #: 24-0250    Version: 1
Type: Bill Status: Passed
File created: 2/20/2024 In control: Finance & Governance Committee
On agenda: 3/11/2024 Final action: 3/20/2024
Title: A bill for an ordinance concerning the approval of a proposed Facilities Lease No. 2024B (East Hampden Campus Facilities) between Denver Public Facilities Leasing Trust 2024B (East Hampden), as lessee, and the City and County of Denver, as lessor, and a proposed Lease Purchase Agreement No. 2024B (East Hampden Campus Facilities) between Denver Public Facilities Leasing Trust 2024B (East Hampden), as lessor, and the City and County of Denver, as lessee, in conjunction with the issuance of Certificates of Participation, Series 2024B and documents related thereto authorizing officials of the City and County of Denver to take all actions necessary to carry out the transactions contemplated hereby; ratifying actions previously taken; providing other matters relating thereto; and providing the effective date thereof. Authorizes the Manager of Finance, on behalf of the city, to execute and deliver City and County of Denver Series 2024B Certificates of Participation in a par amount not to exce...
Indexes: Anne Wallace, Lucas Palmisano
Attachments: 1. RR24-0250_DOF Resolution Request - 2024B Certificates of Participation (Embassy Suites), 2. RR24-0250_DOF Executive Summary Series 2024B - Embassy Suites, 3. 2024A-2024B City Council Ordinance Presentation.Final 2, 4. City and County of Denver Series 2024B (East Hampden) Facilities Lease DMFIRM_411025839(7), 5. City and County of Denver Series 2024B (East Hampden) Indenture DMFIRM_411025631(8), 6. City and County of Denver Series 2024B (East Hampden) Lease DMFIRM_411025844(7), 7. 24-0250 Filed Bill_City and County of Denver Series 2024B Ordinance (Embassy Suites - East Hampden) DMFIRM_411237089(5)_LJH_03062024, 8. 24-0250 Filed Bill_City and County of Denver Series 2024B Ordinance (Embassy Suites - East Hampden) DMFIRM_411237089(5)_LJH_03062024, 9. 24-0250_signed, 10. 24-0250 For an ordinance concerning the approval of a proposed Facilities Lease No.
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 2-26-2024

Requesting Agency: DOF
Division:

Subject Matter Expert Name: Carolina Flores
Email Address: Carolina.flores@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 bill for an ordinance concerning the approval of a proposed Facilities Lease No. 2024B (East Hampden Campus Facilities) between Denver Public Facilities Leasing Trust 2024B (East Hampden), as lessee, and the City and County of Denver, as lessor, and a proposed Lease Purchase Agreement No. 2024B (East Hampden Campus Facilities) between Denver Public Facilities Leasing Trust 2024B (East Hampden), as lessor, and the City and County of Denver, as lessee, in conjunction with the issuance of Certificates of Participation, Series 2024B and documents related thereto authorizing officials of the City and County of Denver to take all actions necessary to carry out the transactions contemplated hereby; ratifying actions previously taken; providing other matters relating thereto; and providing the effective date thereof.
Authorizes the Manager of Finance, on behalf of the city, to execute and deliver City and County of Denver Series 2024B Certificates of Participation in a par amount not to exceed $25 million for the purpose of acquiring a former hotel site at 7525 East Hampden Avenue ("the Embassy Suites Building") and associated costs of issuance, in Council District 4. The last regularly scheduled Council meeting within the 30...

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