Final MPDU sale.

Denver Revised Municipal Code § 27-112

in effect

Sec. 27-112. - Final MPDU sale. (a) Right of HOST to purchase. The first resale within ten (10) years after the end of the control period shall be known as the "final MPDU sale." The covenant and, if applicable, the performance deed of trust or the lien, or both, shall provide that the owner thirty (30) days before the final MPDU sale notify HOST of the proposed offering and the date on which the owner will be ready to offer the property for sale. The property shall be offered as a single property for sale and shall be offered at fair market value with no extraordinary terms of sale. The notice shall set forth the number of bedrooms, and the floor area for the MPDU type, a description of the amenities offered in the MPDU. Within thirty (30) days from receipt of said written notice, HOST shall notify the owner by written notice of the city's intent or the city's designee's intent to purchase. Any sale under this subsection shall close within sixty (60) days of the notice of intent to purchase to the owner. If the property does not close within the sixty (60) days, the owner may proceed to sell the MPDU as provided by this subsection. Any property purchased by HOST or its designee shall be used for affordable housing purposes. (b) Final MPDU payment. In return for the benefits received by the owner in being able to purchase the MPDU, the owner shall upon the final MPDU sale pay to the city's affordable housing special revenue fund an amount equal to the following calculation: One-half (½) of the excess of the total resale price over the sum of: (i) The prior purchase price (prior maximum purchase price); (ii) A percentage of the MPDU's prior purchase price equal to the increase in the cost of living since the MPDU was last sold, as determined by the Consumer Price Index; (iii) The fair market value of documented capital improvements made to the MPDU between the date of the last sale and the date of resale; and (iv) A reasonable sales commission and all reasonable costs of sale. (v) In the event that the amount remaining after the calculation of items (i)—(iv) above, is less than twenty thousand dollars ($20,000.00) the amount which shall be due to the special revenue fund shall be adjusted in each case so that the owner/seller will retain ten thousand dollars ($10,000.00) or the entire amount, of the excess of the final MPDU sales price, whichever is less. This section does not apply to any designated nonprofit organization, or any governmental entity, or any quasi-governmental entity which owns an MPDU. (Ord. No. 710-06, § 9, 10-30-06; Ord. No. 305-13, § 9, 6-24-12; Ord. No. 475-14, § 9, 8-25-14; Ord. No. 47-20, § 17, 3-16-20)

Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH27HO_ARTIVAFHO_S27-112FIMPSAFetched: 10/27/2026