Finance & Governance Committee

Minutes Finance & Governance Committee Committee Members: Black, Chair; Kniech, Vice-Chair; Hinds; Gilmore; Ortega; CdeBaca Committee Staff: Jonathan Griffin Tuesday, July 23, 2019, 1:30 PM City & County Building, Room 391 Attendance Present: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Action Items 19-0698 Approves a lease agreement with CAGSPI 4650, LLC for $7,854,353.98 and for 87 months with an option to purchase, to lease approximately 120,907 square feet to meet the city’s warehousing and storage needs while preserving future development opportunities of the site, located at 4650 Steele Street in Council District 9 (FINAN 201950262). A motion offered by Ortega, duly seconded by Gilmore, that Council Resolution 19-0698 be approved for filing. The motion carried by the following vote: Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 19-0699 Approves a lease agreement with IOV 4790 VASQUEZ, LLC for $2,911,335.84 and for 87 months with an option to purchase, for the city to lease 3 acres at 4780 Vasquez Street to support the lease at 4650 Steele Street, in Council District 9 (FINAN 201950261). A motion offered by Ortega, duly seconded by Gilmore, that Council Resolution 19-0699 be approved for filing. The motion carried by the following vote: Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 Consent Items Block Vote A motion offered to approve the following items en bloc. The motion carried by the following vote: City and County of Denver Page 1 Printed on 7/23/2019  Minutes Finance & Governance Committee Tuesday, July 23, 2019 Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 19-0727 Approves a rescission of $900,000 from the Department of Public Health and Environment’s Environmental Services Enterprise Fund, makes an appropriation, transferring cash to the Department of Public Works Planned Fleet Special Revenue Fund, and authorizes the purchase of capital equipment to support the City’s composting program. A motion offered that Council Bill 19-0727 be approved by consent en bloc, carried by the following vote: Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 19-0728 Declares the intent of the City to use its best efforts to issue housing revenue bonds or mortgage credit certificates to provide financing of residential facilities for low- and middle-income families or persons; prescribing certain terms and conditions of such bonds and certificates; and containing other provisions relating to the proposed issuance of such bonds and certificates. A motion offered that Council Resolution 19-0728 be approved by consent en bloc, carried by the following vote: Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 19-0735 Amends a contract with Davis Graham & Stubbs, LLP by adding $300,000 for a new total of $795,000 and adding one year for a new end date of 10-20-20 to provide professional legal services in employment-related matters and serve as legal counsel for conflict litigation and overflow and other legal matters and services as necessary (ATTNY-201524534). A motion offered that Council Resolution 19-0735 be approved by consent en bloc, carried by the following vote: Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 19-0736 Approves a cash transfer of $195,000 from the City Council Special Revenue Fund and an appropriation in the General Fund to support Council District operations. A motion offered that Council Bill 19-0736 be approved by consent en bloc, carried by the following vote: City and County of Denver Page 2 Printed on 7/23/2019  Minutes Finance & Governance Committee Tuesday, July 23, 2019 Aye: 7- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca, Clark Nay: 0 City and County of Denver Page 3 Printed on 7/23/2019