A bill for an ordinance approving a Purchase and Sale Agreement between the City and County of Denver and TMC Enterprises, LLC for the building located at 12025 East 45th Avenue.   (FINANCE & SERVICES) The last regularly scheduled Council meeting within the 30-day review period is on 12-8-14.  The Committee approved filing this bill by consent on 11-6-14.
Thank you, Mr. President. This is an ordinance to purchase a building for 911 purposes will house the call receivers and dispatch information. I do not oppose the actual purchase of this building, but it is a package deal. It also will be coming with a bill that for payment requires certificates of participation to be floated and in fact they will be floated over what the cost of the building actually is to incorporate some of the money that will be required for the for remodeling this building. We will, according to the Department of Finance, end up when it's when they it's structured the way they expect. Probably pay about $4 million in interest. And we have such a rich budget this year, I don't see any reason why a safety measure should have to be floated in debt. And certificates of participation are a very, very sensitive matter for me because I believe they are a way to get around the TABOR constitutional amendment to avoid a public vote on debt. And so I will be opposing this ordinance. Thank you, Councilwoman Fox. Are there any other questions? Councilwoman Ortega. I do have a question and I'm not sure who is here from finance, but my question is about the fact that we normally pledge different city buildings until the debt is paid off. And I'd like to know what properties are being set aside for that purpose. So can someone from that. I'm happy to take that sky. Stuart Mayor's office as councilman fox reference. The actual bill to set up the copy will not be coming to council till January and at that time we will identify the buildings included in it. I don't have a list now and I think they're still working through that, but that will be provided when the actual bill for the CLP comes forward. Okay. So this is just asking us to approve this, not just the purchase and. Sale and. Purchase of the new building. Correct. Just acquisition. Thank you. Good, councilwoman. Yeah. Okay. Any other comments and questions are on 924. Scene on Madam Secretary. Roll call. Facts. No. Can each layman write Lopez Montero. Nevitt. Hi. Ortega. I Rob Shepherd. Assessment by Brookes. Hi. Mr. President, I. Councilwoman Ortega. I'm sorry. Thank you, Madam Secretary. Please close the volume. And now the. Result. 11 eyes, one ni, 11 eyes. One day, 9/24, when placed upon final consideration and does pass to the next one. Thank you, Madam Secretary. 961 Councilwoman Fox, what would you like for us to do with this? Please put on the floor for a vote. Certainly in council members. Could you please put 961 on the floor for final consideration and do pass?