Summary

Finance and Business Committee minutes — May 12, 2026: property purchases, Rossonian TIF approvals, and procurement consents

DenverMay 12, 20262 min read

At a glance

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Attendance: Present 6 (Hinds, Kashmann, Romero Campbell, Sandoval, Watson, Gonzales-Gutierrez); Absent 1 (Gilmore). Approved purchase of 251 East 12th Avenue for $4,525,000. Approved Cooperation Agreement and Welton Corridor amendment to establish the Rossonian Project property and sales Tax Increment Areas (TIF) and related parameters. Consent approvals included amending a Trans-West master purchase order (+$200,000 to $800,000) for Baldwin filters and a purchase agreement with CMC QALICB, LLC for Unit 1 in the Buell Public Media Center for $1,984,999.

Projects mentioned

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Rossonian TIF Welton Corridor Urban Redevelopment

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Finance and Business

Topics discussed

Budget & TaxCommerceHousing

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Key decisions

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Approved Council Resolution 26-0120 to purchase 251 East 12th Avenue (Capitol Hill) from the State of Colorado for $4,525,000 (FINAN-202683499).
Approved Council Bill 26-0633 for filing: Cooperation Agreement between the City and County of Denver and Denver Urban Renewal Authority to establish the Rossonian Project Tax Increment Area and Sales Tax Increment Area and parameters for tax increment financing (Council District 9).
Approved Council Bill 26-0634 for filing: amendment to the Welton Corridor Urban Redevelopment Plan to add the Rossonian Project and create the Rossonian Project Property and Sales Tax Increment Areas (Council District 9).
Approved by consent Council Resolution 26-0621: amend Master Purchase Order with Trans-West, Inc., adding $200,000 for a new total of $800,000 to provide Baldwin filters (citywide, SC-00008044).
Approved by consent Council Resolution 26-0635: Purchase and Sale Agreement with CMC QALICB, LLC for $1,984,999 to acquire Unit 1 in the Buell Public Media Center (2101 Arapahoe Street); agreement end date 10-31-2026 (FINAN-202684435).

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