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24-0266

A resolution approving a proposed Loan Agreement between the City and County of Denver and SCI-Capitol City, LLC to assist with the acquisition of real property located at 4501 W. Kentucky Ave, which will continue to operate as a mobile home park with sixty (60) mobile home spaces being used as affordable housing units in Council District 3. Approves the loan agreement with SCI-Capitol City, LLC. in the amount of $2,600,000 to assist with the acquisition of the Property, which will operate as a mobile home park with sixty (60) mobile home spaces being used as affordable housing units, in Council District 3 (HOST-202472389). 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 3-6-2024.

Resolution Adopted Introduced February 26, 2024

What this record is

Held by
SCI-Capitol City
Amount
$2.60M
Runs until
no end date published in this record
Type
purchase

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

Committee
Safety, Housing, Education & Homelessness Committee
Requested by
Department of Housing Stability
Introduced
February 26, 2024
On agenda
March 11, 2024
Passed
March 11, 2024

Where it was heard

City Council Mar 11, 2024 adopted Pass