Finance & Governance Committee

Minutes Finance & Governance Committee Committee Members: Flynn, Chair; Kniech, Vice-Chair; Black, Espinoza, Kashmann, Susman Committee Staff: Jonathan Griffin Tuesday, June 18, 2019, 1:30 PM City & County Building, Room 391 Attendance Present: 5- Flynn, Kniech, Black, Susman, Espinoza Absent: 1- Kashmann Action Items 19-0539 Approves a purchase and sale agreement with Timothy R. Bearden Jr. for $1,460,000 to acquire property located at 753 South Raleigh Street for the buildout of the Westwood Recreation Center as part of the Elevate Denver Bond Program, in Council District 3 (FINAN 201950265). A motion offered by Kniech, duly seconded by Black, that Council Resolution 19-0539 be approved for filing. The motion carried by the following vote: Aye: 5- Flynn, Kniech, Black, Susman, Espinoza Nay: 0 Absent: 1- Kashmann 19-0540 Approves a purchase and sale agreement with Morrison Center, LLC for $4,080,000 to acquire property located at 4320 Morrison Road for the buildout of the Westwood Recreation Center as part of the Elevate Denver Bond Program, in Council District 3 (201948958-00). A motion offered by Kniech, duly seconded by Black, that Council Resolution 19-0540 be approved for filing. The motion carried by the following vote: Aye: 5- Flynn, Kniech, Black, Susman, Espinoza Nay: 0 Absent: 1- Kashmann Consent Items City and County of Denver Page 1 Printed on 6/19/2019  Minutes Finance & Governance Committee Tuesday, June 18, 2019 Block Vote A motion offered to approve the following items en bloc. The motion carried by the following vote: Aye: 5- Flynn, Kniech, Black, Susman, Espinoza Nay: 0 Absent: 1- Kashmann 19-0585 Declares the intent of the City to issue an amount not to exceed $22,000,000 of Multifamily Housing Revenue Bonds for Gorman & Company, LLC, or its affiliates, to finance The Stella project to construct a new four-story, 132-unit apartment complex including 16 units limited to 30% Area Median Income (AMI), 97 units limited to 60% AMI, 18 units limited to 80% AMI, and one manager unit, located at the southwest corner of East 52nd Avenue and Lincoln Street in Council District 9. A motion offered that Council Resolution 19-0585 be approved by consent en bloc, carried by the following vote: Aye: 5- Flynn, Kniech, Black, Susman, Espinoza Nay: 0 Absent: 1- Kashmann 19-0589 Approves a contract with Flexential Colorado Corp. for $6,000,000 and for five years to provide Datacenter colocation, managed cloud services and professional services to support the Technology Services’ Infrastructure and Data Management teams, citywide (TECHS-201947808-00). A motion offered that Council Resolution 19-0589 be approved by consent en bloc, carried by the following vote: Aye: 5- Flynn, Kniech, Black, Susman, Espinoza Nay: 0 Absent: 1- Kashmann City and County of Denver Page 2 Printed on 6/19/2019