A resolution approving a proposed Assignment and Assumption Agreement between the City and County of Denver, Zia Sunnyside SPE, LLC (as successor-in-interest to CD-Inca, LLC), and KG Sunnyside Owner, LLC to assign the affordable housing obligations contained in a Loan Agreement and consent to the transfer of the property. Amends a contract and assigns the contract from Zia Sunnyside SPE, LLC (as successor-in-interest to CD-Inca, LLC) to KG Sunnyside Owner, LLC, a contract purchaser of the property located at 4055 North Inca Street. This agreement maintains the affordability provisions of the building for the new owner for the remainder of the covenant, ending on 10-12-2036, in Council District 1. OEDEV-202370443-01/201630376. The last regularly scheduled Council meeting within the 30-day review period is on 11-6-2023. The Committee approved filing this item at its meeting on 10-4-2023.

23-1367 · Resolution · Adopted

Timeline

• Oct 4, 2023: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Oct 16, 2023: adopted (City Council)
• Oct 16, 2023: signed (Council President)