Loan Changes for Tennyson Street Apartments
City Council meeting · Monday, October 5 at 3:30 PM
The decision
Should Denver recognize the apartment property's sale and let the buyer take over the city loan with a higher limit on debt paid ahead of it?
Who notices: Residents at 3755 Tennyson Street in Council District 1 and Denver taxpayers could be affected.
Plain-language summary based on official city records. Written with AI assistance.
How the council voted
Passed12–0 October 5, 2026
12 Yes · 0 No · 1 Didn't vote
- Amanda SandovalNorthwest Denver · D1Voted yes
- Kevin FlynnSouthwest Denver · D2Voted yes
- Jamie TorresWest Denver · D3Voted yes
- Diana Romero CampbellSoutheast Denver · D4Voted yes
- Amanda SawyerEast Denver · D5Voted yes
- Paul KashmannSouth-central Denver · D6Voted yes
- Flor AlvidrezSouth Denver · D7Voted yes
- Shontel LewisNortheast Denver · D8Voted yes
- Darrell WatsonNorth-central Denver · D9Voted yes
- Chris HindsCentral Denver · D10Voted yes
- Stacie GilmoreFar Northeast Denver · D11Voted yes
- Serena Gonzales-GutierrezCitywide (at-large)Voted yes
- Sarah ParadyCitywide (at-large)Didn't vote
Official roll call from the City of Denver's voting record.
What happens next
The decision stands. City staff now carry it out; timing depends on the item, so check the official agenda for dates. You can still email your council member to say thanks or share concerns.
Benefits and concerns
Potential benefits
The new apartment owner
The higher limit could give the new owner more room to arrange financing from lenders that require repayment before the city.
Possible tradeoff, inferred from the proposal. Not a reported position of this group.
Possible concerns
Denver taxpayers
If the borrower cannot repay its debts, Denver's recovery could depend on how much money remains after higher-priority lenders are paid.
Possible tradeoff, inferred from the proposal. Not a reported position of this group.
What changes for you
LM Cottage Hill Apartments LLC would become the borrower, and the limit on debt paid ahead of Denver would rise to $5.5 million. October 26, 2026, is the last regular council meeting within the review period.
Sources & transparency
Plain-language summary based on Denver's official city records, written with AI assistance. Not yet checked by a person.
26-1383Official status: AdoptedUpdated by the City Oct 6, 2026
Read the official record
A resolution approving a proposed Second Amendment, Modification, Assignment, And Assumption Agreement among the City and County of Denver, HGV Senior, L.P. and LM Cottage Hill Apartments LLC to recognize the sale of the property at 3755 Tennyson St. to LM Cottage Hill Apartments LLC, assumption of the loan agreement, covenant, and collateral documents by the new Borrower, and raises subordination limit, in Council District 1. Amends a loan agreement with HGV Senior, L.P., to recognize the sale of the property at 3755 Tennyson St. to LM Cottage Hill Apartments LLC, assumption of the loan agreement, covenant, and collateral documents by the new Borrower, and raises subordination limit to $5,500,000.00, in Council District 1 (GE97059/HOST-202684213-02). The last regularly scheduled Council meeting within the 30-day review period is on 10-26-2026. The Committee approved filing this item at its meeting on 9-22-2026.