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Finance and Business

Tuesday, May 12, 2026 · 10:30 AM AM · City & County Building, room 391

TL;DR

The Finance and Business Committee approved multiple real estate transactions and development agreements totaling over $6.5 million, including the purchase of a Capitol Hill property and a small planned community unit in the Ball Park District. The committee also advanced two ordinances for the Rossonian Project in Council District 9 that would establish tax increment financing to support urban redevelopment in that area.

Key Decisions

  • Purchase of 251 East 12th Avenue (Capitol Hill) from Colorado State Approved
  • Rossonian Project Cooperation Agreement for tax increment financing Approved
  • Amendment to Welton Corridor Urban Redevelopment Plan to add Rossonian Project Approved
  • Purchase of Unit 1 in Buell Public Media Center (Ball Park District) from CMC QALICB, LLC Approved
  • Contract amendment with Trans-West, Inc. for Baldwin filters Approved
Agenda PDF

Agenda

  1. Attendance
  2. Action Items
  3. 26-0120 Approves a contract to buy and sell real estate with the State of Colorado to purchase 251 East 12th Avenue for $4,525,000.00 in the Capitol Hill Neighborhood, in Council District 10 (FINAN-202683499).
    Resolution
  4. 26-0633 For an ordinance approving a proposed Cooperation Agreement between the City and County of Denver and Denver Urban Renewal Authority, for the Rossonian Project 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.
    Bill
  5. 26-0634 For an ordinance approving an amendment to the Welton Corridor Urban Redevelopment Plan to add the Rossonian Project and to create the Rossonian Project Property and Sales Tax Increment Areas, in Council District 9.
    Bill
  6. Consent Items
  7. 26-0621 Amends a Master Purchase Order with Trans-West, Inc. by adding $200,000.00 for a new total of $800,000.00 to provide Baldwin filters. No change to the Master Purchase Order term, citywide (SC-00008044).
    Resolution
  8. 26-0635 Approves the Purchase and Sale Agreement with CMC QALICB, LLC, a Colorado limited liability company for $1,984,999.00 with an end date of 10-31-2026 for the acquisition of a small planned community unit in a portion of the property located at 2101 Arapahoe Street, Denver, Colorado, known as Unit 1 in the Buell Public Media Center within the Ball Park District, in Council District 9 (FINAN-202684435).
    Resolution