Finance and Business
TL;DR
Denver's City Council approved two major financial measures to fund infrastructure improvements across the city through the Vibrant Denver Bonds program. The council also approved a $45 million, seven-year contract with Triunity, Inc to manage the bond program and oversee project delivery.
Key Decisions
- Vibrant Denver Bonds (Bills 26-0005 and 26-0006) Passed
- $45 million contract with Triunity, Inc for program management services Passed
Agenda
- Attendance
- Action Items
- 26-0005 For an ordinance authorizing the issuance of two series of the “City and County of Denver, Colorado, General Obligation Vibrant Denver Bonds” for the purpose of financing and defraying the cost of acquiring, constructing, installing, and improving various infrastructure and facilities across the City; providing for the levy of general ad valorem taxes to pay the principal of and interest on such Bonds; and making other provisions relating thereto.BillAction: approved for filing Passed
A motion offered by Council President Sandoval, duly seconded by Council member Hinds, that Council Bills 26-0005 and 26-0006 be approved for filing in a block, carried by the following vote:
- 26-0006 Approves a contract with Triunity, Inc for $45,000,000.00 with a term of seven years to provide Program Management Services to support delivery of the Vibrant Denver Bonds, citywide (FINAN-202682934).ResolutionAction: approved for filing Passed
A motion offered by Council President Sandoval, duly seconded by Council member Hinds, that Council Bills 26-0005 and 26-0006 be approved for filing in a block, carried by the following vote: