24-0343
A resolution approving a proposed Loan Agreement between the City and County of Denver and Mental Health Center of Denver to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing in Council District 3. Approves a loan agreement with Mental Health Center of Denver, doing business as WellPower in the amount of $3,100,000 and a maturity date of 60 years from date of the Promissory Note and repayment forgiven so long as borrower is in compliance with all terms and conditions of Agreement, to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing, in Council District 3. (HOST-202472724). The last regularly scheduled Council meeting within the 30-day review period is on 6-17-2024. The Committee approved filing this item at its meeting on 3-20-2024.
What this record is
- Amount
- $3.10M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Health & social
health & social contracts in CO that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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
- March 11, 2024
- On agenda
- June 3, 2024
- Passed
- June 3, 2024
Where it was heard
City Council Mayor-Council Safety, Housing, Education & Homelessness CommitteeWatch what Denver buys
This is one award. Denver signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.
Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.