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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

What this record is

Held by
Shanahan Development, LLC
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
amendment

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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
July 7, 2025
On agenda
July 21, 2025
Passed
July 21, 2025

Where it was heard

City Council Jul 21, 2025 adopted Pass Safety, Housing, Education & Homelessness Committee Jul 16, 2025 approved by consent

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