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.
A CLP Certificate of Power of Participation Ordinance will be coming forth in the first quarter of 2000. Now the probable scenario, and I say probable because as I understand it, not everything's been finalized, but they do know that that's the mechanism they're going to be using. The probable scenario is a debt of about 10.5 million. It will be a 15 year debt instrument, which would, at the rates that are anticipated, garner about a $4 million interest cost. We've just gone through establishing a budget. Now, there was plenty of one time funding included for other projects. I question the administrative priorities that can't say emergency response. This 911 building isn't a top priority for one time funding, but it wasn't there. Taxpayers shouldn't have to pay an extra $4 million of interest and incur debt with a budget as rich as the one we approved. Well, I like this first ordinance. No problem whatsoever in having a new building for this call center. The second one. Floating cops is a real deal killer. I'll be voting no. Thank you, Councilman Fats. And there any other comments from members or questions for members of the council? CNN. Mr. Secretary, being on 924 will cover these thoughts. No. Can each layman i. Lopez. I. Monteiro never. I. Shepherd i. Brooks, i. Brown, i. Mr. President, i. Councilman Brown voting in favor. Mr. Secretary, please close the venue, announce the results. 99199919 924 has been ordered published for the sector acuity of the next one, which should be 961. Wait for technology to catch up. Call out by Councilman Fox. Councilwoman Fox Would you like for us to do with this? Please put on the floor for a vote? Certainly can. Councilwoman Sheperd, can you please put 961 on the floor to be ordered published? Certainly. I move that council bill 961 series 2014 be ordered published.