A resolution approving a proposed Funding Agreement between the City and County of Denver and Elevation Community Land Trust to provide funding for the acquisition of property located at 1523 and 1551 Verbena Street, which will be used as affordable housing. Approves a funding agreement with Elevation Community Land Trust in the amount of $1,600,000 to assist with the acquisition of a property, located at 1523 and 1551 Verbena Street, which currently contains nine dwelling units to be subsequently redeveloped to contain at least ten affordable for-sale units, in Council District 8 (HOST-202371985). The last regularly scheduled Council meeting within the 30-day review period is on 2-20-2024. The Committee approved filing this item at its meeting on 1-24-2024. Council member Lewis called this item out at the 1-29-2024 meeting for a one-week postponement to 2-05-2024.

What this record is

Held by

Elevation Community Land Trust 6 records across this site

Amount

$1.60M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Compared to

$1.60M – $1.60M the middle half of 4 other Elevation Community Land Trust contracts; median $1.60M

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Read automatically from the title of the official record. The source document below is authoritative.

Elevation Community Land Trust also holds

A resolution approving a proposed Amendatory Agreement between the City and County of Denver and Elevation Community Land Trust to support the State o… $2.83M Denver, CO A resolution approving a proposed First Amendment to the Funding Agreement between the City and County of Denver and Elevation Community Land Trust to… Denver, CO A resolution approving a proposed First Amendatory Agreement between the City and County of Denver and Elevation Community Land Trust to amend disburs… Denver, CO A resolution approving a proposed Funding Agreement between the City and County of Denver and Elevation Community Land Trust to assist in the acquisit… $1.60M Denver, CO A resolution approving a proposed Funding Agreement between the City and County of Denver and Elevation Community Land Trust to assist in the acquisit… $975K Denver, CO

Committee

Safety, Housing, Education & Homelessness Committee

Requested by

Department of Housing Stability

Introduced

January 16, 2024

On agenda

February 5, 2024

Passed

February 5, 2024

Where it was heard

City Council Feb 5, 2024 adopted Pass City Council Jan 29, 2024 postponed Safety, Housing, Education & Homelessness Committee Jan 24, 2024 approved by consent Pass

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