Finance & Governance Committee
TL;DR
The Denver Finance & Governance Committee approved several bills related to the Downtown Development Authority (DDDA), including a new loan agreement with PNC Bank and establishing a special revenue fund. The committee also approved putting a charter amendment about at-large council member elections on the November ballot.
Key Decisions
- Loan Agreement with PNC Bank for Downtown Development Projects Passed
- Create Special Revenue Fund for Downtown Development Authority Passed
- Charter Amendment for At-Large Council Member Elections Approved for November Ballot
Agenda
- Attendance
- Action Items
- 25-0914 A bill for an ordinance concerning the authorization of a Loan Agreement between the City, acting on behalf of its Denver Downtown Development Authority (DDDA) and PNC Bank, National Association and an optional Revolving Credit Agreement between the City, acting on behalf of its DDDA, and PNC Bank, National Association in order to finance certain development projects authorized under the Amended and Restated Denver Downtown Development Authority Plan of Development; authorizing the prepayment of the City’s outstanding Loan Agreement dated February 3, 2017, as amended; and other documents related thereto; ratifying action previously taken relating thereto; and providing other matters relating thereto. For an ordinance concerning the authorization of a Loan Agreement between the City & County of Denver, acting on behalf of its Denver Downtown Development Authority (DDDA) and PNC Bank, National Association, and an optional Revolving Credit Agreement between the City & County of Denver, acting on behalf of its DDDA, and PNC Bank, National Association, in order to finance certain development projects authorized under the Amended and Restated Denver Downtown Development Authority Plan of Development; authorizing the prepayment of the City’s outstanding Loan Agreement dated February 3, 2017, as amended; and other documents related thereto; ratifying action previously taken relating thereto; and providing other matters relating thereto. The Committee approved filing this item at its meeting on 6-24-2025.BillAction: approved for filing Passed
A motion offered by Council member Sandoval, duly seconded by Council member Watson, that Council Bill 25-0914 and Council Bill 25-0915 be approved for filing in a block, carried by the following vote:
- 25-0915 A bill for an ordinance establishing a new Fund in the General Government Special Revenue Fund Series for the “Denver Downtown Development Authority” Fund (11893). Establishes the “Denver Downtown Development Authority” Special Revenue Fund (11893) to receive and expend funds collected on behalf of the Denver Downtown Development Authority for related operational and administrative costs, citywide. The Committee approved filing this item at its meeting on 6-24-2025.BillAction: approved for filing Passed
A motion offered by Council member Sandoval, duly seconded by Council member Watson, that Council Bill 25-0914 and Council Bill 25-0915 be approved for filing in a block, carried by the following vote:
- 25-0920 A bill for an ordinance submitting to a vote of the qualified and registered electors of the City and County of Denver at the general municipal election on November 4, 2025, a proposed amendment to the Charter of the City and County of Denver concerning the manner in which at-large council members are elected. Submits to a vote of the qualified and registered electors of the City and County of Denver at the general municipal election a proposed amendment to the Charter of the City and County of Denver concerning the manner in which at-large council members are elected. The Committee approved filing this item at its meeting on 6-24-2025.BillAction: approved for filing Passed
A motion offered by Council member Watson, duly seconded by Vice Chair Romero Campbell, that Council Bill 25-0920 be approved for filing, carried by the following vote: