A bill for an ordinance approving a proposed Purchase and Sale Agreement between the City and County of Denver and the State of Colorado, by and through its Department of Transportation, to purchase property located at 4201 E. Arkansas Avenue. Approves a purchase and sale agreement with the State of Colorado for $651,250 to purchase property located at 4201 East Arkansas Avenue, and work with an identified buyer to ensure ensuing development is consistent with existing neighborhood, area plans, and economic and job development in Council District 6. The last regularly scheduled Council meeting within the 30-day review period is on 1-22-18. The Committee approved filing this bill at its meeting on 12-12-17.
The right councilman Cashman All right. Under bills for final consideration, no items have been called out and under pending. No items have been caught out. Madam Secretary, let's just look at all those, I think, within a block. You can bring them up on the screen. Councilman Cashman, you can make a comment. Thank you, Mr. President. For those who are not informed, the Colorado Department of Transportation is moving out of a couple of properties in the Virginia Village neighborhood and District six. They're building new facilities down by Mile High Stadium, and they've placed these two properties for sale. See that headquarters site? Most people have familiarity with at Arkansas, East Arkansas Avenue and South Birch Street. It's about 12 acres. The see that also has occupied the region one headquarters site at 2000 South Harley Street, a little bit smaller at 11 acres. See that was required by ordinance to offer these properties to other governmental entities first. And Denver entered into a competitive bidding situation. We felt I agreed with the administration. It's in Denver's best interests to try to control the disposition of these properties as much as possible. And a lot of hard work by our real estate department and Office of Economic Development. And we did secure the rights to negotiate on these properties. These four contracts that we have before us tonight have Denver facilitating the transfer of ownership of both locations from SEED out to an organization known as the Control Group. I see Jimmy Beloff us over here with his cards. You want to wave your hands at Mr. Belov so people can send you gifts and thank you cards along the way? The cost of the 11 acres on South Holly Street is 5.25 million. The property? The 12 acres on Arkansas in Birch. A bit more expensive coming in at 14 million. As I've stated since first hearing about the sale of these properties, I am very excited at the opportunity to help guide redevelopment of these sites, but I'm also very aware of the substantial challenges that these projects present. And in order for something to occur here that benefits the community rather than stifles it. It's going to take a real partnership between the developer and the city and the affected neighborhoods. The initial proposal over on South Holley Street involves construction of some 200 for sale three story townhomes, possibly 50 to 60 assisted senior housing units. The developer does not need a rezoning here. The existing IMX three zoning allows for this use, and while a public process is not required since the zoning is in hand, Castro has agreed to engage in a dialog with the community in an effort to arrive at a project that addresses as many of their needs and concerns as possible. It is in cointreau's best interests to to establish that dialog on Holley, because the project that will eventually be proposed over at Arkansas and Birch is a much more expensive project and therefore is likely to have a much more intense use on the property and potential impacts. And being so much more complex to meet the developer's bottom line and the community's needs and desires is going to take a real effort. The contract between the city and Castro requires them to apply for a rezoning on Arkansas and a full, full public process. I would expect that information on the basic frame. Work of that public process in the next couple of weeks. The developer has talked early on about 150. Affordable housing units on the southeast portion of that property in the 60% AMI range. Perhaps a health club on the northern part of the property and possibility of other residential retail office uses. It is very early in the structure of that project and as a lot of moving parts that will come out as we get involved in the public process. And I want to emphasize that the current contract talks about for Arkansas a five month due diligence time period. In other words, the developer looks at the project, talks to the community about a rezoning. The city looks at what the developer is proposing, and either side can decide to move ahead or are call quits on the deal . There's an opportunity for the developer to purchase three additional 30 day due diligence periods, I think for $100,000 each. So which gives you eight months, which sounds like a lot of time. And in a project of this complexity, it's not a lot of time at all. It's actually a rather compressed time period. And I'm concerned that it's not enough time and that it may require for added development, added flexibility on the part of the developer, and see that for whatever additional time is needed for a full discussion to get this deal done. I mentioned earlier that I believe the city plays a critical role in seeing this project to a successful fruition. And by that I referred to the need for traffic mitigation measures that will address whatever increases in density come with the projects, as well as regulation of the construction process so that neighbors are protected from unnecessary noise, pollutants and traffic along the way. My experience on council thus far is that our agencies frequently show a greater understanding of the needs of the developer than the residents in these situations, and that's not going to work moving forward. I look forward to working with the community and the developer to do what's right for Virginia Village and for Denver. Thank you, Mr. President. All right. Thank you, Councilman Cashman. We Councilman Cashman does not want to take action on these. So this concludes all the items that need to be called out. All other bills for interdiction are ordered published. We are now ready for the block votes. Council members. This is. This is a consent or block vote. And you will need to vote. Otherwise, it's your last chance to call it an item for a separate vote. Councilwoman, can you please put the resolutions for adoption in the bills for final consideration for final passage on the floor? Yes, Mr. President. I move that resolutions be adopted and bills and final consideration be placed upon final consideration and do pass in a block for the following items all 2017 unless otherwise noted. 14, 11, 14, 12, 14, 13, 14, 14, 14, 15, 14, 31, 1436, 1437, 1438, 1439, 1440 1441, 1442 1443 1328 1372 1408 1445 1302 1303 1304 1305 1306 1307 1308 1410 1432 1389 1348. All right, Madam Secretary, do you concur? Yes. Okay, great. It's been moved and seconded. Madam Secretary. Raquel Black. I right. Espinosa. Flynn. I Herndon. I Cashman. I can each new. Ortega by session. Mr. President. I please. I was wondering, as the results. In ICE. Denies resolutions have been adopted, bills have been placed upon final consideration and do pass. All right. Tonight there will be require a public hearing council bill 1266 changes on the classification of 1521 to 1535 West 34th Avenue and 34 and 3400 Osage Street in Highland.