Districts at DEN

DEN RELEASES ROLLING RFO

There is no submission deadline. Although DEN can close the RFO at any time, DEN Real Estate anticipates keeping the opportunity open for multiple years to allow interested parties an opportunity to present ideas for commercial development at DEN.

OFFER SUBMITTAL

Submitted offer is screened for responsiveness by DEN Contract Administrator before being passed on to DEN’s commercial broker to be evaluated for market viability. If these two conditions are met, the offer is submitted to the DEN Real Estate Screening Committee.

EN REAL ESTATE EVALUATION COMMITTEE

The SVP of Real Estate presents the offer to a diverse group of 3-5 standing members familiar with DEN Real Estate. The committee makes a decision to either reject the offer or engage with the offeror to further discuss the proposed program and lease terms. If offer is rejected, offeror will receive a rejection letter. If the offer moves forward, offeror will be invited to discuss the opportunity and terms of an LOI with DEN Real Estate.

LOI DRAFTING

The opportunity is further defined and site conditions are verified to be suitable for the proposed development. Business terms are outlined and include applicable City social ordinance requirements.

LOI EXECUTION

The LOI is submitted to DEN leadership for approval and signature by the CEO. Minority/Women Business Enterprise (MWBE) utilization goals and Equality Diversity and Inclusion (EDI) plan requirements described by the Division of Small Business Opportunity (DSBO) are included as attachment to LOI. Upon signature of the LOI, DEN Real Estate, and offeror have 10 days to schedule a meeting with DSBO to begin setting MWBE goals and developing EDI plan.

FINAL LEASE NEGOTIATION, COMMUNITY OUTREACH

Agreement is reached on business terms, lease boundary and social ordinance requirements (including ACDBE if applicable). DEN Government Affairs updates Registered Neighborhood Organizations and Council Member Town Hall on proposed development sites. Proposer finalizes EDI plan with DSBO.

LEASE EXECUTION

DEN and offeror sign the lease contract. DEN brings contract to Denver City Council for consideration. Contract executed if approved.

LEASE STRUCTURE:

DEN is open to all ground lease and transaction structures. The City and County of Denver, through the Department of Aviation, is the fee-simple owner of all DEN land.

LEASE TERMS:

Ground rental rate is based on fair market land value. Flexible ground lease terms. The leasehold mortgage will not be subordinate to any other liens.

TAXES:

City and County of Denver: Possessory interest taxes will be calculated by either the Denver Assessor’s office or the Adams County Assessor’s office by generally applying the methodology set forth in the “Assessor’s Reference Library” published by the Colorado Department of Local Affairs, Division of Property Taxation.

ZONING and ENTITLEMENTS – CITY AND COUNTY OF DENVER:

City and County of Denver: The property is zoned DIA under Section 9.5 of the Denver Zoning Code. DEN will require that all offeror’s development plans conform to the design standards described within this offering memorandum and relevant due diligence items.

LAND USE:

Commercial development, excluding residential, are permitted uses as approved by the FAA and the Department of Aviation Manager on a case-by-case basis.

INFRASTRUCTURE:

DEN is flexible to explore innovative approaches for establishing additional infrastructure improvements including return-based direct investment by DEN, special district establishment, tenant inducement rental structures and other structures for the construction and long-term maintenance of any necessary infrastructure.

ZONING and ENTITLEMENTS – ADAMS COUNTY:

The property is zoned DIA under Section 3-03 of the Adams County Development Standards and Regulations. Permitted principal uses are derived from Article IV of the Intergovernmental Agreement on the New Airport and Adams County is working to amend the zoning and land use regulations to reflect the expanded uses set forth in the 2016 IGA Amendment. Pending that amendment, DEN received a letter of interpretation from the Director of Community and Economic Development to clarify that Adams County will, in the interim period, review any land use applications for development on DEN using the expanded land uses specifically allowed in.

Per the 2016 IGA amendment, DEN will require that all offerors development plans conform to applicable design standards per district and relevant due diligence items.

The values of equity, diversity, inclusivity, accessibility and sustainability are inherent to the City and County of Denver’s strategy to develop and maintain prosperous communities. Accordingly, these values are embedded into all the City’s procurement processes to ensure competitive procurements that offer equitable opportunities for all potential proposers, including greater contracted and significant participation for historically underutilized multicultural businesses to ensure Denver’s long-term economic, social and environmental health. Through equitable procurements, the City is committed to working to remove barriers and increase access to City contracting opportunities for all historically underutilized multicultural businesses, including participation by small businesses and those that are owned and controlled by historically underutilized multicultural businesses which shall include small businesses and those owned by minorities, women, veterans, LGBTQ+ and individuals living with disabilities, as well as those in economically distressed or redlined neighborhoods. It is a primary value to promote economic equity by engaging a more diverse and inclusive community of vendors and contractors, both as prime and sub-contractors to address racial, socioeconomic and gender disparities. Through this promotion of equity, diversity and inclusion, the City strives to improve opportunities that ensure fair and just access to jobs, housing, education, mobility options and healthier communities. It is the City’s expectation that all successful offerors demonstrate their commitment to these City values through their procurement responses and post contract and/or lease activities.

Each procurement opportunity is to be approached with ethical and honest behavior. The City will solicit, evaluate and award contracts based upon the offeror’s alignment with the City’s values as it relates to its approach, proven experience, ability to perform work, costs and pricing. DEN is looking for Proposers that demonstrate a history of equity, diversity, integrity, stewardship, innovation and humanity. The City is looking for Proposers that have equity, diversity and inclusion (EDI) embedded in their policies, procedures, practices, initiatives and exhibit actionable results and ensures that of those that they partner with. The City’s values may be demonstrated through but are not limited to: (a) workforce expansion; (b) utilization of and work with the historically underutilized community, separate from required certified goals; (c) environmental sustainability and (d) EDI and Equal Employment Opportunity (EEO) programs for staff