Denver Politics

A resolution approving a proposed Second Amendment, Assignment, and Assumption Agreement between the City and County of Denver Sheridan Homes, LLC, and Archway Jody Acquisition, LLC to assign the affordable housing obligations contained in a loan agreement and amend the agreement to allow for the redevelopment of property located at 5375 West 10th Avenue while also tolling the remaining period of affordability during redevelopment. Amends an agreement with Sheridan Homes LLC to assign the ongoing obligations of a loan agreement and covenant related to affordable housing development located at 5375 West 10th Avenue to Archway Jody Acquisition LLC. This amendment creates the assumption of the agreement and covenant by Archway Jody Acquisition LLC and allows Archway Jody Acquisition to redevelop the property while also extending the covenant for the period of time that it will take to redevelop the property, in Council District 3. HOST-202370810-02 / GE7A090-02. 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 11-8-2023.

23-1673 · Resolution · Adopted

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