Approves the creation of a Special Revenue Fund serving as a revolving loan fund for the specific purpose of creating new affordable housing for the workforce rental population in Denver. (FINANCE & SERVICES) The Committee approved filing this bill at its meeting on 8-12-14.
Thank you, Councilman Brooks. Any other questions or comments? All right. That was not called out. So we will go to the SEC. Go to the next one, which is bills for final consideration, which I believe, Madam Secretary. The first one was 620, caught out by Councilwoman Fox. What would you like for us to do with this, Councilwoman? Please put it on the floor for a vote. Certainly will. Councilman Brooks, would you please have 620 place on the floor for final consideration? Certainly, Mr. President, I put Council Bill 620 on the floor for final consideration and do pass. It has been moved and seconded. Comments. Councilwoman Fox. Thank you, Mr. President. This is the creation of an affordable housing funding mechanism. If you believe Denver should be funding affordable workforce housing, the fund is structured well. So my problem, my problems are not with the structure of the fund. My problem is that it has already been stated that the intention is to ask for general general fund money to go into it. Now, last year, general fund money was appropriated with the idea that a fund would be created. And at that time, I had thought I had a compromise with the administration that it would be a one time funding mechanism. And in fact, they are the ones that described it as one time. And now here we go again. So that that's a problem for me. If this is going to be a mechanism that just continually siphons general fund money off by using general fund people who earn less, like many of the people in my area will be seeing their city taxes siphoned off for housing for people who actually earn more than they do. Remember workforce housing. We're not talking about homeless. We're not talking about the poor, such as the Denver Housing Authority serves. We are talking about workforce housing. And I am not willing to short city services that people think they're paying for in order to siphon the money to an affordable housing fund for workforce housing, which the city has shown it can put on some of the highest real estate in this city. So I will be voting no. Thank you. Councilwoman Foster. Any other comments from members of council? Seeing Madam Secretary role go. But no. Carnage. Layman Lopez Montero I nevett i. Ortega I Rob Shepherd. Susman. Brooks Brown. Hi. Mr. President. Hi. Madam Secretary. Please close the voting and out the results. 12 eyes, one knee, 12 eyes. One is comfortable. 620 has been placed upon final consideration and does pass. Madam Secretary, I think the last one was Council Bill 629 called out by Councilwoman Ortega. That will not come to a question. Go right ahead. I don't know if we have someone here from our city's asset office sky. Can you help answer a question? So I don't know what the zoning is on this property. I know exactly where the parcel is and I'm just trying to figure out what it is that the buyer plans to do with the property. Do we have any idea? Lisa Lumley from Real Estate is not here this evening, but I'll have her get back to you. I think she has had conversations with the purchaser about what their intention is, but I do not recall that off the top of my head. Okay. Mr. President, I will vote for its passage. Well, it's it some final. It is. Mr. President, if I may. I'm sorry. Go ahead, Councilman. So I chaired a committee that this came through on consent, and I was actually going to ask Councilwoman Sheppard, this is in her district, and she did a little due diligence on it before we put it on consent. And I don't want to put you on the spot, Councilwoman Sheppard, but you may be able to answer the question. And if not, we can certainly. Thank you, Councilman. Can each councilman I tell you what I recall in the discussion was I was concerned about the historic property that is part of this parcel. And so I was asking what was going to happen to the historic property there. And I was not told what the larger redevelopment was, but I was told that the developer would continue to keep the historic property that it's there and incorporate it into the overall development. But I did not learn what the larger redevelopment was. So we don't know if it's a mixed use or if it's just housing or if it's going to be commercial. I don't know that at this time. Okay. I would appreciate hearing from our real estate office to learn more about what is proposed on the site. We'll get you that information here. All right. That was all of them, I believe. And I'll just quickly look up and down. I believe we got them all. So we are now ready for the block votes. All of the bills for introduction are ordered published. Councilman Brooks, will you please put the resolutions on the floor for adoption? Why, certainly, Mr. President, I put the following bills on the floor for resolution to be adopted in a block. Others 2014 653 667 696 679, 683, 742 and 743.