Safety, Housing, Education & Homelessness Committee
City & County Building, Council Chambers, Room 450
Agenda — 3 items
- 1 Consent Items
- 2 A resolution approving a proposed Amendment to Loan Agreement between the City and County of Denver and Uinta Senior Apartments, LLLP to modify the repayment terms of the loan. Amends a loan agreement with Uinta Senior Apartments, LLLP to amend Exhibit F within the Distribution of Cash Flow and Defined Terms sections, with no change to agreement amount or end term, to continue support for a 50-unit affordable senior rental project, in Council District 8. HOST-202371412-01 (2023067525-01). The last regularly scheduled Council meeting within the 30-day review period is on 2-5-2024. The Committee approved filing this item at its meeting on 1-3-2024.
- 3 A resolution approving a proposed Third Amendment and Modification Agreement between the City and County of Denver and 3501 Chestnut Development LLC and Shanahan Development LLC to modify the repayment terms of the loan. Amends a loan agreement with 3501 Chestnut Development LLC, and Shanahan Development LLC by extending the construction loan term, converting a portion of the construction loan to a performance loan, and exempting one unit from income qualification for the initial homebuyer only for the development of a 49-unit condominium project, in Council District 9. HOST-202371411 (HOST-202158709). The last regularly scheduled Council meeting within the 30-day review period is on 2-5-2024. The Committee approved filing this item at its meeting on 1-3-2024.
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