A resolution approving a proposed Agreement between the City and County of Denver and 4040 Quebec LLC for giving the City and County of Denver the option to purchase the property during the term of the lease. The lease of the hotel is to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. Approves an option agreement with 4040 Quebec LLC as the grantor giving the City and County of Denver the option to purchase the property during the term of the lease (FINAN-202370700) for $43,000,000. The lease of the hotel is to help meet the goals of the House 1000 Homelessness Initiative, in Council District 8. FINAN-202370701. The last regularly scheduled Council meeting within the 30-day review period is on 11-27-2023. The Committee approved filing this item at its meeting on 10-25-2023.

23-1500 · Resolution · Adopted

Timeline

• Oct 18, 2023: postponed to a date certain (Safety, Housing, Education & Homelessness Committee)
• Oct 25, 2023: approved for filing (Safety, Housing, Education & Homelessness Committee)
• Nov 6, 2023: adopted (City Council)
• Nov 6, 2023: signed (Council President)