Finance and Business

Agenda

1. Attendance
2. Action Items
3. 25-1221 A bill for an ordinance approving a proposed Cooperation Agreement between the City and County of Denver and Denver Urban Renewal Authority, for the Rock Drill Property Tax Increment Area and Sales Tax Increment Area to establish, among other matters, the parameters for tax increment financing with incremental property and sales taxes, in Council District 9. Approves a Cooperation Agreement between the City and County of Denver and the Denver Urban Renewal Authority for the Rock Drill Property Tax Increment Area and Sales Tax Increment Area to establish, among other matters, the parameters for tax increment financing with incremental property and sales taxes, in Council District 9 (FINAN-202579721). The last regularly scheduled Council meeting within the 30-day review period is on 9-29-2025. The Committee approved filing this item at its meeting on 8-26-2025.
   Bill
   Action: approved for filing Passed

   A motion offered by Council member Watson, duly seconded by Vice Chair Kashmann, that Council Bills 25-1221 and 25-1222 be approved for filing in a block, carried by the following vote:

4. 25-1222 A bill for an ordinance approving the Rock Drill Urban Redevelopment Plan, the creation of the Rock Drill Urban Redevelopment Area and the Rock Drill Property Tax Increment Area and Sales Tax Increment Area. Approves the Rock Drill Urban Redevelopment Plan authorizing the creation of an Urban Redevelopment Area and property tax and sales tax increment areas, in Council District 9. The Committee approved filing this item at its meeting on 8-26-2025.
   Bill
   Action: approved for filing Passed

   A motion offered by Council member Watson, duly seconded by Vice Chair Kashmann, that Council Bills 25-1221 and 25-1222 be approved for filing in a block, carried by the following vote:

5. 25-1237 A bill for an ordinance amending Section 54-816 of Division 2 of Article XV of Chapter 54 of the Revised Municipal Code of the City and County of Denver concerning disposal procedure of impounded vehicles. For an ordinance amending Section 54-816 of Division 2 of Article XV of Chapter 54 of the Revised Municipal Code of the City and County of Denver concerning disposal procedure of impounded vehicles, citywide. The Committee approved filing this item at its meeting on 8-26-2025.
   Bill
   Action: approved for filing Passed

   A motion offered by Council Pro-Tem Romero Campbell, duly seconded by Council member Hinds, that Council Bill 25-1237 be approved for filing, carried by the following vote:

6. Consent Items
7. 25-1210 A resolution approving a proposed Amendment to a Master Purchase Order between the City and County of Denver and Genuine Parts Company, to add funds for the continued purchase of Aftermarket Auto Parts in support of the City's fleet vehicles, citywide. Amends Master Purchase Order (MPO) with Genuine Parts Co. (dba NAPA Denver) to add $600,000.00 for a new total of $3,850,000.00 for the continued purchase of Aftermarket Auto Parts in support of the City’s fleet vehicles. No change to MPO length, citywide (SC-00006079). The last regularly scheduled Council meeting within the 30-day review period is on 9-29-2025. The Committee approved filing this item at its meeting on 8-26-2025.
   Resolution
   Action: approved by consent

   Council Resolution 25-1210 was approved by consent.

8. 25-1223 A bill for an ordinance amending Ordinance No. 0304, Series of 2015, which created and established the RiNo Business Improvement District, to increase the number of members of the Board of Directors to be appointed and to increase the number of Board Members required for a quorum. For an ordinance amending Ordinance No. 0304, Series of 2015, which created and established the RiNo Business Improvement District, to increase the number of members of the Board of Directors to be appointed and to increase the number of Board Members required for a quorum, in Council District 9. The Committee approved filing this item at its meeting on 8-26-2025.
   Bill
   Action: approved by consent

   Council Bill 25-1223 was approved by consent.

9. 25-1224 A resolution approving a proposed Purchase and Sale Agreement between the City and County of Denver and 4965 Washington Street LLLP by which the City will acquire a unit in the planned community being developed at 4965 North Washington Street for the purpose of establishing a Denver Public Library, in Council District 9. Approves the Purchase and Sale Agreement with 4965 Washington Street LLLP for $9,100,000.00 with an end date of 12-31-2027 for a condominium interest in a portion of the property being developed at 4965 Washington Street for the purpose of establishing a Denver Public Library, in Council District 9 (FINAN-202580361). The last regularly scheduled Council meeting within the 30-day review period is on 9-29-2025. The Committee approved filing this item at its meeting on 8-26-2025.
   Resolution
   Action: approved by consent

   Council Resolution 25-1224 was approved by consent.

10. 25-1225 A resolution approving a proposed Land Lease between the City and County of Denver and Globeville Redevelopment Partners LLC, which will be assigned at financial closing to 4965 Washington Street LLLP, for the development of affordable housing units, a commercial community serving space, and the new Globeville Library at 4965 North Washington Street, in Council District 9. Approves a 99-year Land Lease with 4965 Washington Street LLLP for the development of 170 affordable housing units, a commercial community serving space, and the new Globeville Library at 4965 Washington Street in, Council District 9 (FINAN-202579178). The last regularly scheduled Council meeting within the 30-day review period is on 9-29-2025. The Committee approved filing this item at its meeting on 8-26-2025.
    Resolution
    Action: approved by consent

    Council Resolution 25-1225 was approved by consent.

11. 25-1226 A bill for an ordinance authorizing the issuance and sale of an aggregate amount not to exceed $23,000,000 of the City and County of Denver, Colorado Multifamily Housing Revenue Bonds (Loretto Heights Family Apartments) Series 2025A and an aggregate amount not to exceed $5,000,000 of the City and County of Denver, Colorado Multifamily Housing Revenue Bonds (Loretto Heights Family Apartments) Taxable Series 2025B for the purpose of financing the acquisition, construction, and equipping of an affordable multifamily rental housing facility located in the City and County of Denver, Colorado and to pay certain expenses of such Bonds (as defined below) issue; approving and authorizing execution of a Bond Financing Agreement, a Tax Regulatory Agreement, and a Bond Purchase and Construction Loan Agreement (each as defined below) with respect to the Bonds; making findings and determinations with respect to the Project (as defined below) and the Bonds; authorizing the execution and delivery of related documents; and repealing all action heretofore taken in conflict herewith. For an ordinance authorizing the issuance and sale of an aggregate amount not to exceed $23,000,000.00 of the City and County of Denver, Colorado Multifamily Housing Revenue Bonds (Loretto Heights Family Apartments), Series 2025A and an aggregate amount not to exceed $5,000,000.00 of the City and County of Denver, Colorado Multifamily Housing Revenue Bonds (Loretto Heights Family Apartments), Taxable Series 2025B for the purpose of financing the acquisition, construction and equipping of an affordable multifamily rental housing facility located in the City and County of Denver, Colorado and to pay certain expenses of such Bonds (as defined below) issue; approving and authorizing execution of a Bond Financing Agreement, a Tax Regulatory Agreement, and a Bond Purchase and Construction Loan Agreement (each as defined below) with respect to the Bonds; making findings and determinations with respect to the Project (as defined below) and the Bonds; authorizing the execution and delivery of related documents; and repealing all action heretofore taken in conflict herewith. The Committee approved filing this item at its meeting on 8-26-2025.
    Bill
    Action: approved by consent

    Council Bill 25-1226 was approved by consent.