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25-0645

A resolution approving a proposed Fourth Amendatory Agreement between the City and County of Denver and Denver Dry Preservation, LLC and Denver Building Housing, Ltd. for a loan agreement related to an affordable housing development located at 1565 California Street. Amends and assigns a loan agreement with Denver Building Housing Ltd. to Denver Dry Preservation LLC and reduces the loan term by fourteen years and six months for a new end date of July 1, 2085 related to an affordable housing development located at 1565 California Street, in Council District 10. No change to agreement amount (GE29015/HOST-202577651-04). The last regularly scheduled Council meeting within the 30-day review period is on 6-23-2025. The Committee approved filing this item at its meeting on 5-7-2025.

Resolution Adopted Introduced April 29, 2025

What this record is

Held by
Denver Building Housing Ltd
Runs until
July 1, 2085 59 years away date quoted from the award document
Type
contract

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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
April 29, 2025
On agenda
June 2, 2025
Passed
June 2, 2025

Where it was heard

City Council Jun 2, 2025 adopted Pass Mayor-Council May 13, 2025