24-0250

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-day review period is on 4-1-2024. The Committee approved filing this item at its meeting on 2-27-2024.

Bill Passed Introduced February 20, 2024

Where it was heard