A resolution approving a proposed Amendatory Agreement between the City and County of Denver and Shanahan Development, LLC, and 155 Bannock Development, LLC, to modify the terms and conditions of the Loan Documents to substitute a different property to be acquired for redevelopment use as affordable housing and to serve as security for the Loan. Amends an agreement with Shanahan Development, LLC to reassign the agreement to 155 Bannock Development, LLC and to modify the terms and conditions of the Loan Documents to substitute a different property to be acquired for redevelopment use as affordable housing and to serve as security for the Loan. The original Rental and Occupancy Covenant encumbering the initial site, 1350 W 13th Ave, remains on that site to be develop by a separate developer based upon the terms recorded against the land. No change to agreement amount or length, in Council District 7 (HOST-202366913/HOST-202579669-01). The last regularly scheduled Council meeting within the 30-day review period is on 8-11-2025. The Committee approved filing this item at its meeting on 7-16-2025.

Resolution Adopted Introduced July 7, 2025

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