A resolution approving a proposed First Amendment to Loan Agreement between the City and County of Denver and 1275 Sherman LLC to revise the designated unit mix of affordable units at Capitol Square Apartments located at 1295 Sherman Street in Council District 10. Amends the loan agreement with 1275 Sherman LLC to match the covenant stated unit mix at Capitol Square Apartments, comprised of 103 affordable apartments located at 1295 Sherman Street in Council District 10. No change to contract amount or duration (HOST-202369023-01). The last regularly scheduled Council meeting within the 30-day review period is on 9-18-2023. The Committee approved filing this item at its meeting on 8-16-2023.

23-1050 · Resolution · Adopted

Timeline

• Aug 16, 2023: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Aug 28, 2023: adopted (City Council)
• Aug 28, 2023: signed (Council President)