0:01 → 2:39(2m 37s)
Meeting called to order and viewers welcomed to the weekly joint meeting of the mayor and Denver City Council; attendees invited to follow updates from city agencies and projects.
At a joint meeting of the mayor and Denver City Council, the Downtown Development Authority (DDA) briefed the body on a proposed acquisition of Denver Pavilions and two adjacent Brookfield lots, outlining a purchase price of $37,000,000 and a request for council approval of up to $45,000,000 to allow for holding and repairs. Council members asked about appraisal status, taxes, lease details, due diligence and financing; the council then voted unanimously to enter executive session to receive legal advice and discuss potential litigation and real estate matters pursuant to DRMC 2-34(a).
