A resolution approving a proposed Purchase and Sale Agreement between the City and County of Denver and R&R Properties, LLC. for the City to purchase the property located at 710 W. Colfax Avenue. Approves a $4.2 million purchase and sale agreement with R&R Properties, LLC. to acquire property located at 710 West Colfax Avenue for approximately 11,250 square feet of office space for support staff of the District and County Courts in Council District 10 (FINAN 201841587). The last regularly scheduled Council meeting within the 30-day review period is on 8-27-18. The Committee approved filing this item at its meeting on 7-31-18.
Excellent. We'll have it done. Thank you. Next up, we have resolution 80669. That's on our screens now. Councilman Ortega, you wanted this for a vote. So, Councilwoman Sussman, will you please put this resolution on the floor for adoption? Yes, Mr. President. Move that resolution six, six, nine, be adopted. It has been moved and seconded questions or comments by members of Council Councilman Ortega. Thank you, Mr. President. So this is creating the appropriation for the properties that Councilman Flynn just called out. And as you all know, I. I had been asking the administration to give us a comprehensive master plan on all of our real estate needs looking into the future. As you know, we have done two contracts at the Denver Post building. One of them is a ten year contract. We did one that came through I think it was this year for an additional contract. I. QUESTION What was the status of the building that we bought over on Jason Street for the Solution Center? To my knowledge, we don't have anything in that building right now. We've tried to put the solution center at the Family Crisis Center that that property needs to be resolved. The community has opposed that. Right now. It's my understanding that's on hold. That's the last communication that we received. So we're kind of all over the place in terms of where we're going with with real estate needs. I understand the courts have a need for more courtrooms, but I think we need to understand the big picture of where we're going and what our long term needs are so that we don't keep getting these big financial requests asking us to approve our needs piecemeal. I think it's helpful for us to know that big picture. I did receive some documents that I had requested from the administration and that that was somewhat helpful. But it's it's by agency and it's only some of the agencies. And so for those reasons, I will not be supporting the request for the appropriation. And when the bill comes next week, I'm not going to support the acquisition either. Thank you. Thank you. Councilman Ortega. Councilman Espinosa. Is there somebody here to answer questions about this? How great. How many square feet is the land? And then the second question will be, what is the difference in the sales price per square foot of the building that result? I mean, what's the what's intrinsically different about the the the space of these two buildings? That one is $236 a square foot and this one is $373 a square foot. Good evening, Lisa Lumley, division of Real Estate, the I don't have it by per square foot, so I apologize while I stand up here. The building itself at 710 was Colfax is 15,000 square feet. Just a little over the land itself is 11,250 square feet. We have appraisals on both properties so that both appraised either just over what our purchase prices or right at the purchase price. So it had to do with the value of the improvements as well as the land. Right? So there was no legal description. So if they could get copies of those for both properties. Of legal descriptions. Yeah. GREENE And actually, since you have the appraisals, could I get copies of the appraisals as well? They're draft appraisals right now. But let me see what I can do to at least get you a summary. Great. Thank you. Thank you, Councilman. Councilman Flynn. Yes. Mr. President. Lisa, could you talk a little bit about the planning for the expansion of of civic and municipal offices from here to the west beyond the U.S. Mint? Sure. So we have and the presentation which we had forwarded or tried to meet with the majority of you as Councilwoman Ortega referred to, it is not possible to do just one city plan. We need to look at our different agencies and our campuses and our buildings. And we are in the process or we have already completed studies for this particular area. We are looking at right now a court's master plan for 2019 to address the needs in this civic area that is separate from then the 303 West Colfax building that we are also reviewing and analyzing to see within a few both the facility assessment as well as a base programing assessment to understand those needs as well. While you have heard us here to talk about web building expansion and needs, what we have not seen until this year that became apparent in the last couple of months is the growth that the courts are experiencing and not just courts for courtrooms , but then it is also the supporting and ancillary services that are provided in our buildings around this general area that need to stay in this general area for the courts. And so that is what part of this request is. It's strategically looking at a couple of buildings that are currently on the market to try and keep these services in the downtown core. While we're completing these studies to understand what the long term planning is that we need to do with the courts. If I recall correctly, the we're proposing you are proposing these purchases now because these properties are on the market right now. Correct. And not because we wanted to go out and buy them right now. But if we don't purchase them now, they may be unavailable. That is correct. A significant different kind of use and potentially cost more money down the line. Okay. Thank you, Mr. Pratt. I just want to point out that, Councilwoman Ortega, you mentioned that this was the measure that appropriated the funding for the purchase that we've just postponed. But this is actually the purchase and sale agreement for the second property. So I didn't know if it was your intention also to call out and vote on this supplemental appropriation. So I just want to clarify, Mr. President. Let me just respond to that. It's my understanding that that bill has been asked to be postponed as well. Is that? Is that not correct? No. If that's not correct, then I do want to vote on 746. 746 I was the one that we you in under introduction that you had pulled and then didn't pull. Yes. Okay. Then we'll get to that one when we get there. Thank you for the heads up. Any other comments or questions on this one? All right. Seeing nun. Madam Secretary. Raquel Ortega. Sussman black eye. Brooks Espinosa. Staying. Flynn. I Gilmore. I. Herndon, i. Cashman. Can each. New. Mr. President. Hi, Madam Secretary. Please close voting and announce the results. Ten eyes. One day, one abstention. Ten Eyes Council Resolution 669 has been adopted. You put the next item on our screens. And, Councilman Brooks, you have a comment on 0830.